45.0293 REGULATION OF GROUP LIFE INSURANCE.
The commissioner may waive all or part of the requirements of section
61A.09, subdivision
3
, if:
(1) all the premiums under the group policy are paid by the group policyholder;
(2) the loans insured are first real estate residential mortgage loans owned or guaranteed by
the group policyholder; and
(3) the group policy is in the best interests of insured debtors.
History: 1997 c 222 s 6