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    Subdivision 1. To have supervision. The certificate of incorporation and bylaws, forms of
contracts and policies adopted or issued by every such association, and the general conduct of
its affairs shall be subject to the general supervision and jurisdiction of the commissioner, and
the commissioner, when requested by five or more members of the association, shall make an
examination of the affairs thereof at the expense of the association. Farmers and township
reinsurance or guaranty associations shall be subject to the provisions of chapter 60B.
    Subd. 2. Filing of annual statement and license required. Every such association shall file
with the commissioner the annual statement and procure the certificate of authority as required by
law pertaining to insurance companies.
    Subd. 3.[Repealed, 1987 c 337 s 131]
History: 1967 c 395 art 8 s 43; 1969 c 708 s 63; 1983 c 289 s 114 subd 1; 1984 c 655
art 1 s 92; 1986 c 444

Official Publication of the State of Minnesota
Revisor of Statutes