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61B.31 Indemnification.

The association has authority to indemnify certain persons against certain expenses and liabilities as provided in section 300.083, including the power to purchase and maintain insurance on behalf of these persons as provided by section 300.083, subdivision 7. In applying section 300.083 for this purpose, the term "member insurers" shall be substituted for the terms "shareholders" and "stockholders" and the term "association" shall be substituted for the term "corporation."

HIST: 1993 c 319 s 16

Official Publication of the State of Minnesota
Revisor of Statutes