2006 Minnesota Statutes
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Chapter 60A
Section 60A.12
Recent History
- 2000 Subd. 1 Repealed 2000 c 350 s 16
- 2000 Subd. 3 Repealed 2000 c 350 s 16
- 2000 Subd. 4 Repealed 2000 c 350 s 16
- 2000 Subd. 5 Amended 2000 c 350 s 2
- 2000 Subd. 7 Repealed 2000 c 350 s 16
- 2000 Subd. 8 Repealed 2000 c 350 s 16
- 2000 Subd. 9 Repealed 2000 c 350 s 16
This is an historical version of this statute chapter. Also view the most recent published version.
60A.12 ASSETS AND LIABILITIES.
Subdivision 1.[Repealed, 2000 c 350 s 16]
Subd. 2.[Repealed, 1991 c 325 art 8 s 18]
Subd. 3.[Repealed, 2000 c 350 s 16]
Subd. 4.[Repealed, 2000 c 350 s 16]
Subd. 5. Loss reserves. When, in the judgment of the commissioner, the loss reserves,
calculated in accordance with statutory accounting practices as set forth in the National
Association of Insurance Commissioners' accounting practices and procedures manual are
inadequate, the commissioner may require the corporation to maintain additional reserves.
Subd. 6.[Repealed, 1978 c 465 s 15]
Subd. 7.[Repealed, 2000 c 350 s 16]
Subd. 8.[Repealed, 2000 c 350 s 16]
Subd. 9.[Repealed, 2000 c 350 s 16]
Subd. 10.[Repealed, 1993 c 299 s 33]
History: 1967 c 395 art 1 s 12; 1975 c 359 s 23; 1978 c 465 s 6; 1986 c 444; 1991 c 325 art
16 s 1; 1992 c 540 art 2 s 8; 1992 c 564 art 1 s 17,54; 1993 c 299 s 2; 2000 c 350 s 2
Subdivision 1.[Repealed, 2000 c 350 s 16]
Subd. 2.[Repealed, 1991 c 325 art 8 s 18]
Subd. 3.[Repealed, 2000 c 350 s 16]
Subd. 4.[Repealed, 2000 c 350 s 16]
Subd. 5. Loss reserves. When, in the judgment of the commissioner, the loss reserves,
calculated in accordance with statutory accounting practices as set forth in the National
Association of Insurance Commissioners' accounting practices and procedures manual are
inadequate, the commissioner may require the corporation to maintain additional reserves.
Subd. 6.[Repealed, 1978 c 465 s 15]
Subd. 7.[Repealed, 2000 c 350 s 16]
Subd. 8.[Repealed, 2000 c 350 s 16]
Subd. 9.[Repealed, 2000 c 350 s 16]
Subd. 10.[Repealed, 1993 c 299 s 33]
History: 1967 c 395 art 1 s 12; 1975 c 359 s 23; 1978 c 465 s 6; 1986 c 444; 1991 c 325 art
16 s 1; 1992 c 540 art 2 s 8; 1992 c 564 art 1 s 17,54; 1993 c 299 s 2; 2000 c 350 s 2
Official Publication of the State of Minnesota
Revisor of Statutes