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Office of the Revisor of Statutes

2004 Minnesota Statutes Index (topics)

MUTUAL INSURANCE COMPANIES

Accounting and bookkeeping

Companies converting to stock companies, Minn. Statutes 2004 60A.075

Application of law

Companies converting to stock companies, Minn. Statutes 2004 60A.075

Incorporation, Minn. Statutes 2004 66A.02

Mutual insurance holding companies, Minn. Statutes 2004 60A.077

Appraisals, conversion to stock company, Minn. Statutes 2004 66A.16

Articles of incorporation

Amendment, resolution, execution, Minn. Statutes 2004 60A.07, 2004 66A.04

Companies converting to stock companies, filing, Minn. Statutes 2004 60A.075

Companies reorganized as mutual insurance holding companies, Minn. Statutes 2004 60A.077

Assessable and nonassessable businesses, separation, Minn. Statutes 2004 66A.21

Assessments

Guaranty against assessment, Minn. Statutes 2004 72A.16, 2004 72A.20

Policyholders, Minn. Statutes 2004 60A.077

Assets

Casualty lines requirement, Minn. Statutes 2004 66A.08

Liquidation, distribution, Minn. Statutes 2004 60B.46

Mutual insurance holding companies, Minn. Statutes 2004 60A.077

Boards of directors

Conversion to stock companies, duties, Minn. Statutes 2004 60A.075

Bylaws

Adoption, amendment, Minn. Statutes 2004 60A.07, 2004 66A.05

Companies converting to stock companies, Minn. Statutes 2004 60A.075

Companies reorganized as mutual insurance holding companies, Minn. Statutes 2004 60A.077

Contingent liability provisions, Minn. Statutes 2004 66A.08

Casualty lines, see Mutual casualty insurance companies under CASUALTY INSURANCE

Certificates of incorporation

Amendment, resolution, Minn. Statutes 2004 60A.07, 2004 66A.04

Churches and religious denominations

Exemptions from law, Minn. Statutes 2004 66A.20

Consulting

Conversion to stock companies, plans, review, Minn. Statutes 2004 60A.075

Contested cases

Companies reorganized as mutual insurance holding companies, Minn. Statutes 2004 60A.077

Contingent liability

Bylaw provisions, Minn. Statutes 2004 66A.08

Creation of guaranty funds, interpretation of law, Minn. Statutes 2004 66A.10

Requirements and regulations, Minn. Statutes 2004 66A.08

Control, Minn. Statutes 2004 60A.077

Conversion plans, Minn. Statutes 2004 60A.075, 2004 66A.16

Conversion to stock companies, Minn. Statutes 2004 60A.075, 2004 66A.16

Corporate existence, renewal, Minn. Statutes 2004 66A.06

Corporate seal, use, Minn. Statutes 2004 60A.07

Counties, joint self-insurance pools, Minn. Statutes 2004 471.981

Definitions

Conversion to stock companies, Minn. Statutes 2004 60A.075

Insurance law, mutual insurance holding companies, Minn. Statutes 2004 60A.077

Reorganization as mutual insurance holding companies, Minn. Statutes 2004 60A.077

Demutualization, holding companies, Minn. Statutes 2004 60A.075, 2004 60A.077

Development corporations

Nonshareholders, Minn. Statutes 2004 301.77, 2004 301.78

Directors, Minn. Statutes 2004 60A.075, 2004 60A.23

Distributable net worth, conversions to stock companies, Minn. Statutes 2004 60A.075

Dividends, Minn. Statutes 2004 66A.14

Companies converting to stock companies, effect, Minn. Statutes 2004 60A.075

Domestic stock insurance company

Mutual insurance companies defined as, Minn. Statutes 2004 60A.22

Eligible members, see Policyholders under this topic

Employee benefit plans

Conversion to stock companies, Minn. Statutes 2004 60A.075

Employers' liability insurance

Limitation of risk, Minn. Statutes 2004 66A.08

Equity securities, insiders' profits, Minn. Statutes 2004 60A.22

Exemptions from law, Minn. Statutes 2004 66A.01

Farmers' mutual insurance companies

Farmers' mutual fire insurance companies, see FARMERS MUTUAL FIRE INSURANCE COMPANIES

Income and franchise taxes, exemption, Minn. Statutes 2004 290.05, 2004 290.0921, 2004 290.0922

Insurance taxes, see INSURANCE TAXES

Security deposit, exemption, Minn. Statutes 2004 60A.10

Financial requirements, Minn. Statutes 2004 60A.07, 2004 60A.10

Fire insurance, see Mutual fire insurance companies under FIRE INSURANCE

Foreign mutual insurance companies, reorganization as mutual insurance holding companies, Minn. Statutes 2004 60A.077

Guaranty against assessment, Minn. Statutes 2004 72A.16, 2004 72A.20

Health care provider cooperatives, exception, Minn. Statutes 2004 62R.02

Hearings, conversion to stock companies, Minn. Statutes 2004 60A.075

Holding companies, see Mutual insurance holding companies under this topic

Income and franchise taxes

Exemption, Minn. Statutes 2004 290.0921, 2004 290.0922

Incorporation, Minn. Statutes 2004 66A.03

Insiders' profits, equity securities, Minn. Statutes 2004 60A.22

Intermediate stock holding companies, Minn. Statutes 2004 60A.077

Interpretation of law, mutual insurance holding companies, insurer insolvency, Minn. Statutes 2004 60A.077

Investments in, development corporations, Minn. Statutes 2004 301.84

Kinds of business authorized, limitations, Minn. Statutes 2004 66A.09

Kinds of insurance permitted, Minn. Statutes 2004 60A.06

Liabilities

Conversion to stock companies, allocation, Minn. Statutes 2004 60A.075

Requirements, Minn. Statutes 2004 60A.11

Liability insurance, see Mutual liability insurance companies under LIABILITY INSURANCE

Liability

Defined, Minn. Statutes 2004 60A.02

Members, Minn. Statutes 2004 60A.077

Life insurance, see Mutual life insurance companies under LIFE INSURANCE

Lines

Casualty lines, see CASUALTY INSURANCE

Fire lines, see Mutual fire insurance companies under FIRE INSURANCE

Liquidation claims, distribution order

Preferred claims, Minn. Statutes 2004 60B.44

Loans by, development corporations, Minn. Statutes 2004 301.78

Meetings, notice, Minn. Statutes 2004 66A.07

Members

Local governments, Minn. Statutes 2004 471.981

Policyholders, Minn. Statutes 2004 66A.07

Membership interests, Minn. Statutes 2004 60A.075, 2004 60A.077

Memberships, counties, joint self-insurance pools, Minn. Statutes 2004 471.981

Mergers, reorganization as mutual insurance holding companies, Minn. Statutes 2004 60A.077

Mutual insurance holding companies

Conversion to stock companies, Minn. Statutes 2004 60A.075

Definitions, Minn. Statutes 2004 60A.075

Exclusion from definition of insurance companies, income and franchise taxes, Minn. Statutes 2004 290.01

Generally, Minn. Statutes 2004 60A.077

Membership interests, defined as voting stock, Minn. Statutes 2004 290.17

Mergers and consolidations, Minn. Statutes 2004 60A.16

Reorganization as mutual insurance holding companies, Minn. Statutes 2004 60A.077

Mutual reinsurance or guaranty associations, Minn. Statutes 2004 67A.40 to 2004 67A.43

Mutual tornado insurance companies, Minn. Statutes 2004 66A.22 to 2004 66A.31

Notice given

Companies converting to stock companies, Minn. Statutes 2004 60A.075

Meetings, Minn. Statutes 2004 66A.07

Unauthorized insurers, foreign decrees, filing, Minn. Statutes 2004 72A.42

Officers and employees

Companies converting to stock companies, Minn. Statutes 2004 60A.075

Personal liability, Minn. Statutes 2004 60A.23

Unlawful procurement of proxies, Minn. Statutes 2004 72A.16

Permitted issuers

Conversion to stock companies, Minn. Statutes 2004 60A.075, 2004 66A.16

Defined, Minn. Statutes 2004 60A.075

Policies

Companies converting to stock companies, effect, Minn. Statutes 2004 60A.075

Contingent liability provisions, Minn. Statutes 2004 66A.08, 2004 66A.16, 2004 66A.19

Definitions, Minn. Statutes 2004 60A.075

Meetings, notice, Minn. Statutes 2004 66A.18

Voting rights, Minn. Statutes 2004 66A.18

Policyholders

Companies converting to stock companies, Minn. Statutes 2004 60A.075

Companies reorganized as mutual insurance holding companies, Minn. Statutes 2004 60A.077

Contingent liability, Minn. Statutes 2004 66A.08, 2004 66A.19

Eligible members, Minn. Statutes 2004 60A.075, 2004 60A.077

Financial statements, Minn. Statutes 2004 60A.077

Membership interests, Minn. Statutes 2004 60A.075, 2004 60A.077

Votes and voting, companies reorganized as mutual insurance holding companies, Minn. Statutes 2004 60A.077

Presumptions

Mutual insurance holding companies, control, Minn. Statutes 2004 60A.077

Profits, defined, Minn. Statutes 2004 60A.02

Proxies, Minn. Statutes 2004 72A.16

Reorganization as mutual insurance holding companies

Generally, Minn. Statutes 2004 60A.077

Reorganized companies, Minn. Statutes 2004 60A.075

Representation

Development corporations, Minn. Statutes 2004 301.78

Scope of law, Minn. Statutes 2004 66A.01

Securities

Companies reorganized as mutual insurance holding companies, Minn. Statutes 2004 60A.077

Conversion to stock companies, Minn. Statutes 2004 60A.075

Intermediate holding companies, Minn. Statutes 2004 60A.077

Permitted issuers, conversion to stock companies, Minn. Statutes 2004 60A.075

Regulation, Minn. Statutes 2004 60A.07

Shares

Companies converting to stock companies, effect, Minn. Statutes 2004 60A.075

Companies reorganized as mutual insurance holding companies, Minn. Statutes 2004 60A.077

Single risk, Minn. Statutes 2004 60A.09

State fund mutual insurance company, Minn. Statutes 2004 79.36, 2004 290.05, 2004 297I.05

Stock companies, conversion to, Minn. Statutes 2004 60A.075, 2004 66A.16

Stock insurance company subsidiaries, companies reorganized as mutual insurance holding companies, Minn. Statutes 2004 60A.077

Subscription rights

Companies converting to stock companies, Minn. Statutes 2004 60A.075

Subsidiaries, Minn. Statutes 2004 60A.077

Surplus

Assessable companies, Minn. Statutes 2004 60A.07

Nonassessable companies, Minn. Statutes 2004 60A.07

Requirements, generally, Minn. Statutes 2004 60A.07, 2004 60A.11

Tornado insurance, Minn. Statutes 2004 66A.22 to 2004 66A.31

Township, see TOWNSHIP MUTUAL COMPANIES

Violations and penalties

Guaranty against assessment, Minn. Statutes 2004 72A.16, 2004 72A.20

Proxies, Minn. Statutes 2004 72A.16

Voting rights, Minn. Statutes 2004 66A.07

Workers' compensation insurance

Limitation of risk, Minn. Statutes 2004 66A.08