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)