as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to insurance; township mutual companies; 1.3 regulating farm risks; amending Minnesota Statutes 1.4 1996, section 67A.191, subdivision 1. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. Minnesota Statutes 1996, section 67A.191, 1.7 subdivision 1, is amended to read: 1.8 Subdivision 1. [FARM RISKS.] A township mutual fire 1.9 insurance company may issue an insurance policy for qualified 1.10 and secondary property as defined in section 67A.14, subdivision 1.11 1, in combination with a policy issued by an insurer authorized 1.12 to sell property and casualty insurance in this state.Except1.13as provided in subdivision 2,The portions of the combination 1.14 policy issued by a township mutual insurance company are 1.15 excluded from all provisions of the insurance laws of this state 1.16 as provided in section 67A.25, subdivision 2.