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1,133 chapters · 28,438 sections in this title.
Minn. Stat. § 61A.40 QUALIFICATIONS FOR LICENSE; NUMBER OF MEMBERS.
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61A.40 QUALIFICATIONS FOR LICENSE; NUMBER OF MEMBERS. No corporation not now authorized to transact business in this state shall be licensed to transact the business of life or casualty insurance, or both, upon the cooperative or assessment plan, until at least 300 persons eligib…
Minn. Stat. § 61A.41 RESERVE FUND; RECIPROCAL PROVISIONS.
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61A.41 RESERVE FUND; RECIPROCAL PROVISIONS. Every domestic cooperative life or casualty corporation, society or association, except a fraternal benefit society, which issues a certificate or policy, or makes an agreement with its members, by which, upon the decease of a member, m…
Minn. Stat. § 61A.42 PAYMENTS; LIENS; ASSESSMENTS; POLICIES TO BE LABELED.
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61A.42 PAYMENTS; LIENS; ASSESSMENTS; POLICIES TO BE LABELED. No cooperative or assessment life insurance company shall hereafter issue any policy in this state which does not provide for the payment of a fixed minimum sum, which may be increased each year the insurance remains in…
Minn. Stat. § 61A.43 ACCUMULATIONS; AMENDMENT TO ARTICLES OR BYLAWS.
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61A.43 ACCUMULATIONS; AMENDMENT TO ARTICLES OR BYLAWS. Any insurance company transacting the business of life or casualty insurance upon the cooperative or assessment plan under any law of this state may, upon so providing in its articles or bylaws, elect to ascertain and apporti…
