Minnesota Session Laws - 1994, Regular Session

                            CHAPTER 564-S.F.No. 2690 
                  An act relating to insurance; township mutual fire 
                  insurance; allowing companies to issue policies in 
                  combination with the policies of other insurers; 
                  proposing coding for new law in Minnesota Statutes, 
                  chapter 67A. 
        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
           Section 1.  [67A.191] [COMBINATION POLICIES.] 
           Subdivision 1.  [FARM RISKS.] A township mutual fire 
        insurance company may issue an insurance policy for qualified 
        property as defined in section 67A.14, subdivision 1, in 
        combination with a policy issued by an insurer authorized to 
        sell property and casualty insurance in this state.  Except as 
        provided in subdivision 2, the portions of the combination 
        policy issued by a township mutual insurance company are 
        excluded from all provisions of the insurance laws of this state 
        as provided in section 67A.25, subdivision 2. 
           Subd. 2.  [HOMEOWNER'S RISKS.] A township mutual fire 
        insurance company may issue policies for homeowner's insurance 
        as defined in section 65A.27, subdivision 4, only in combination 
        with a policy issued by an insurer authorized to sell property 
        and casualty insurance in this state.  All portions of the 
        combination policy providing homeowner's insurance, including 
        those issued by a township mutual insurance company, shall be 
        subject to the provisions of chapter 65A. 
           Sec. 2.  [EFFECTIVE DATE.] 
           Section 1 is effective the day following final enactment. 
           Presented to the governor May 2, 1994 
           Signed by the governor May 4, 1994, 3:14 p.m.