2002 Minnesota Statutes

CHAPTER 60A. General insurance powers

Table of Sections

Section	Headnote
60A.01	Scope.
60A.02	Definitions.
60A.03	Commissioner of commerce.
60A.031	Examinations.
60A.032	Commissioner's orders, report.
60A.04	[Repealed, 1969 c 708 s 62]
60A.05	[Repealed, 1992 c 564 art 3 s 30]
60A.051	[Repealed, 1992 c 564 art 3 s 30]
60A.052	Certificates of authority; enforcement actions.
60A.053	Holocaust victims insurance relief.
60A.06	Kinds of insurance permitted.
60A.07	Authorization and requirements.
60A.075	Mutual company conversion to stock company.
60A.076	[Repealed, 1991 c 325 art 4 s 10]
60A.077	Mutual insurance holding companies.
60A.08	Contracts of insurance.
60A.081	Aircraft insurance.
GROUP POLICIES
60A.082	Group insurance; benefits continued if insurer changed.
60A.084	Notification on group policies.
60A.085	Cancellation of group coverage; notification to covered persons.
60A.086	Retroactive termination of coverage under group policies prohibited.
FINANCIAL REGULATION
60A.09	Limits of risk; reinsurance.
60A.091	Definition; qualified United States financial institution.
60A.092	Reinsurance credit allowed a domestic ceding insurer.
60A.093	Reduction from liability for reinsurance ceded by a domestic insurer; collateral requirements.
60A.094	Rules.
60A.095	Reinsurance agreements affected.
60A.096	Qualifying letter of credit.
60A.097	Qualifying trust agreements.
60A.10	Deposits for protection of policyholders.
60A.101	[Repealed, 1988 c 674 s 22]
60A.11	Investments permitted for domestic companies.
60A.111	[Repealed, 2001 c 215 s 41]
60A.112	Investment policy required.
60A.12	Assets and liabilities.
60A.121	Valuations; definitions.
60A.122	Required written procedures for valuations.
60A.123	Valuation procedure.
60A.124	Independent audit.
60A.125	Appraisal by independent appraiser.
60A.126	Reports to board; valuations.
60A.127	Independent appraisals of certain properties.
60A.128	[Repealed, 2000 c 350 s 16]
60A.1285	Other impairments.
60A.129	Loss reserve certification and annual audit.
60A.13	Annual statement, inquiries, renewal licenses.
60A.131	Other business and insurance interests, disclosure.
60A.135	Report; certain transactions.
60A.136	Acquisitions and dispositions of assets.
60A.137	Nonrenewals, cancellations, or revisions of ceded reinsurance agreements.
FEES
60A.14	Fees.
60A.15	[Repealed, 2000 c 394 art 2 s 28]
60A.151	[Repealed, 1989 c 324 s 29]
60A.152	[Repealed, 2000 c 394 art 2 s 28]
MERGERS, CONSOLIDATIONS, DOMESTICATIONS, AND CONVERSIONS
60A.16	Mergers and consolidations.
60A.161	Insurer domestication and conversion.
60A.17
60A.1701	Renumbered 60K.19
AGENCY AGREEMENTS
60A.171	Rehabilitation and cancellation of independent agent contracts by insurance companies.
60A.172	Insurance agency contracts; cancellation.
60A.173	Effective date.
60A.174	Severability.
60A.175	Agent commissions.
60A.176	Definitions.
60A.177	Involuntary termination of an agent by the insurer.
LIFE OR HEALTH SALES QUOTAS
60A.178	Life or health insurance sales quotas.
60A.179	Life or health insurance sales quotas for exclusive agents.
VENDING MACHINE SALES
60A.18	Sale by vending machines; scope and requirements.
FOREIGN COMPANIES
60A.19	Foreign companies.
SURPLUS LINES INSURANCE
60A.195	Citation.
60A.196	Definitions.
60A.197	Rates and forms.
60A.198	Transaction of surplus lines insurance.
60A.199	Examinations; payment of taxes.
60A.20	[Repealed, 1981 c 221 s 15]
60A.201	Placement of insurance by licensee.
60A.202	Evidence of placement of insurance by licensee.
60A.203	Retention of records.
60A.204	Additional charges and fees.
60A.205	Compensation.
60A.206	Qualification as eligible surplus lines insurer.
60A.207	Policies to include notice.
60A.208	Licensee association.
60A.209	Insurance procured from ineligible insurers.
60A.2095	Construction.
UNAUTHORIZED INSURERS PROCESS
60A.21	Unauthorized Insurers Process Act.
MISCELLANEOUS
60A.22	Special provisions as to stock companies; stockholders, officers, directors and investors.
60A.23	Miscellaneous.
STOP LOSS CONTRACTS
60A.235	Standards for determining whether contracts are health plan contracts or stop loss contracts.
60A.236	Stop loss regulation; small employer coverage.
EXEMPTION FOR FRATERNALS
60A.24	Exemptions from insurance laws of this state.
INSOLVENCY, SUSPENSION, AND DISCIPLINE OF INSURERS
60A.25	Insolvent companies.
60A.26	Suspension of insurers; notifications and reports.
60A.27	Discipline of insurer by another state; notice to commissioner.
DOCUMENTS FILED WITH COMMISSIONER
60A.28	Documents filed with commissioner, verification.
NONPROFIT RISK INDEMNIFICATION
60A.29	Nonprofit Risk Indemnification Trust Act.
60A.30	Renumbered 60A.351
60A.31	Renumbered 60A.352
CROP HAIL INSURANCE RATE FILING
60A.32	Rate filing for crop hail insurance.
CANCELLATION AND RENEWAL OF COMMERCIAL LIABILITY AND/OR PROPERTY POLICIES
60A.35	Scope.
60A.351	Renewal of insurance policy with altered rates.
60A.352	Worker's compensation insurance.
60A.36	Midterm cancellation.
60A.37	Nonrenewal.
60A.38	Interpretation and penalties.
60A.40	[Repealed, 1996 c 446 art 1 s 72; 1998 c 339 s 72]
SUBROGATION AGAINST INSURED
60A.41	Subrogation against insureds prohibited.
REGULATION OF RISK-BASED CAPITAL
60A.60	Definitions.
60A.61	Risk-based capital reports.
60A.62	Company action level event.
60A.63	Regulatory action level event.
60A.64	Authorized control level event.
60A.65	Mandatory control level event.
60A.66	Hearings.
60A.67	Confidentiality.
60A.68	Supplemental provisions; rules; exemption.
60A.69	Foreign insurers.
60A.695	Immunity.
60A.696	Notices.
REINSURANCE INTERMEDIARY ACT
60A.70	Title.
60A.705	Definitions.
60A.71	Licensure.
60A.715	Required contract provisions; reinsurance intermediary-brokers.
60A.72	Books and records; reinsurance intermediary-brokers.
60A.725	Duties of insurers utilizing the services of a reinsurance intermediary-broker.
60A.73	Required contract provisions; reinsurance intermediary-managers.
60A.735	Prohibited acts.
60A.74	Duties of reinsurer utilizing the services of a reinsurance intermediary-manager.
60A.745	Examination authority; reinsurance intermediary - broker.
60A.75	Violations.
60A.755	Scope.
60A.756	Rules.
LIFE REINSURANCE AGREEMENTS
60A.80	[Repealed, 1994 c 426 s 14]
60A.801	[Repealed, 1994 c 426 s 14]
60A.802	[Repealed, 1994 c 426 s 14]
60A.803	Life and health reinsurance agreements.
INSURANCE REGULATORY INFORMATION SYSTEM
60A.90	Scope.
60A.91	Filing requirements.
60A.92	Immunity.
60A.93	Confidentiality.
60A.94	Revocation of certificate of authority.
INSURANCE FRAUD
60A.951	Definitions.
60A.952	Disclosure of information.
60A.953	Enforcement; refusal to cooperate with an investigation.
60A.954	Insurance antifraud plan.
60A.955	Claim forms to contain fraud warning.
60A.956	Other law enforcement authority.
VIATICAL SETTLEMENTS
60A.961	Definitions.
60A.962	License requirements.
60A.963	Service of process; nonresident licensing.
60A.964	Fees.
60A.965	License revocation.
60A.966	Approval of viatical settlements contract forms.
60A.967	Reporting requirements.
60A.968	Examination.
60A.969	Disclosure.
60A.970	General requirements.
60A.971	Standards for evaluation of reasonable payments.
60A.972	Viatical settlement brokers.
60A.973	Advertising standards.
60A.974	Unfair trade practices.
STRUCTURED SETTLEMENT ANNUITIES
60A.975	Definitions.
60A.976	Annuity issuers financial requirements.