Relating to commerce

ARTICLE 1 - FRATERNAL BENEFIT SOCIETIES

Regulating fraternal benefit societies risk-based capital; defining certain terms; requiring risk-based capital reports to the commissioner of commerce; defining and prescribing certain actions concerning fraternal action level events and fraternal authorized control events; specifying right to contested case hearings under certain conditions; prohibiting publicly announcing information relating to the risk-based capital levels; specifying certain immunity for the commerce department; requiring the commissioner to give certain notice to a society facing regulatory action

ARTICLE 2 - ADJUSTED TO DOLLAR AMOUNTS IN MINNESOTA STATUTES

Making adjustments to certain dollar amounts as required by state law relating to financial corporations, mortgage originator and service licenses and certain deficiency judgments; providing a method to periodically update Minnesota statues to reflect certain current dollar amounts as adjusted
(me)