RESERVE REQUIRED.

Minn. Stat. § 61A.52, under Chapter 61A. LIFE INSURANCE.

Minn. Stat. § 61A.52

61A.52 RESERVE REQUIRED. No casualty company or association organized under the cooperative or assessment laws of this state not having a reserve of at least $25,000 on deposit with the commissioner shall issue policies or contracts providing for the payment of endowments of any kind. History: 1967 c 395 art 2 s 52