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Chapter Text

2013 Minnesota Statutes

Chapter 61A. Life Insurance

Chapter Sections
Section Headnote

GENERAL PROVISIONS
61A.01Life Insurance Company Defined
61A.011Interest on Unpaid Benefits

CONTRACTS
61A.02Forms of Policy
61A.021Sale of Life Insurance and Annuity As Single Policy Prohibited
61A.03Required Provisions; Life Insurance Policies
61A.031Suicide Provisions
61A.04Spendthrift Provisions
61A.05Life Policies to Contain Entire Contract
61A.06Aviation and War Risk Exclusion Permitted
61A.07Prohibited Provisions
61A.071Applications
61A.072Accelerated Benefits
61A.073Repealed, 2009 c 52 s 10
61A.074Repealed, 2009 c 52 s 10
61A.08Exceptions
61A.09Group Life Insurance
61A.091Employee Group Life Insurance Plans
61A.092Continuation of Coverage for Life Insurance
61A.093Certificate of Insurance
61A.10Extension of Time for Payment of Premiums
61A.11Misstatement, When Not to Invalidate Policy
61A.12Beneficiaries

CONTRACTS -- VARIABLE BASIS
61A.13Definitions
61A.14Companies Entitled to Issue Contracts; Accounts; Investments
61A.15Contract Provisions
61A.16Contract Provisions
61A.17Filing of Contracts
61A.18Disapproval of Contracts
61A.19Company Requirements
61A.20Rules
61A.21Application of Other Laws

CONTRACTS -- MISCELLANEOUS
61A.22Contracts to Specify Benefits and Consideration
61A.23Provisions in Policies; Laws of Other States

STANDARD NONFORFEITURE LAW
61A.24Standard Nonforfeiture Law for Life Insurance
61A.245Standard Nonforfeiture Law for Individual Deferred Annuities

STANDARD VALUATION LAW
61A.25Standard Valuation Law
61A.255Smoker and Nonsmoker Mortality Tables
61A.257Preferred Mortality Tables for Use in Determining Minimum Reserve Liabilities
61A.258Preneed Insurance Products; Minimum Mortality Standards for Reserves and Nonforfeiture Values
61A.26Renumbered 66A.34

CONTINGENCY RESERVE
61A.27Contingency Reserve; Limitations

BENEFIT ACCOUNTS
61A.275Repealed, 2011 c 61 s 9
61A.276Funding Agreements

INVESTMENTS
61A.28Domestic Companies, Investments
61A.281Investments; Subsidiaries
61A.282Investments in Name of Company or Nominee and Prohibitions
61A.283Admitted Assets
61A.284Investments; Capital Stock of Other Insurance Companies
61A.29Foreign Investments
61A.30Joint Investments
61A.31Real Estate Holdings
61A.315Investments and Holdings; Limitations
61A.32Repealed, 2005 c 69 art 2 s 19
61A.321Renumbered 66A.35
61A.33Renumbered 66A.36
61A.34Renumbered 66A.37
61A.35Renumbered 66A.38
61A.36Renumbered 66A.39
61A.37Renumbered 66A.42
61A.38Renumbered 66A.43

COOPERATIVE COMPANIES;
SPECIAL PROVISIONS
61A.39Cooperative Life and Casualty Companies
61A.40Qualifications for License; Number of Members
61A.41Reserve Fund; Reciprocal Provisions
61A.42Payments; Liens; Assessments; Policies to Be Labeled
61A.43Accumulations; Amendment to Articles or Bylaws
61A.44Limitation on Expenses; Life Insurance
61A.45Limitation on Expenses; Companies with Reserve Deposits
61A.46Net Rates; Reserve Fund; Limitation of Expenses
61A.47Reinsurance or Consolidation
61A.48Change to Legal Reserve or Level Premium Companies
61A.49Repealed, 1987 c 268 art 2 s 38
61A.50Application
61A.51Insolvency
61A.52Reserve Required

REPLACEMENT INSURANCE
61A.53Definitions
61A.54Exemptions
61A.55Duties of Agents and Brokers
61A.56Duties of All Insurers
61A.57Duties of Insurers That Use Agents or Brokers
61A.58Duties of Insurers with Respect to Direct Response Sales
61A.59Enforcement; Effect of Compliance
61A.60Required Replacement Notice and Form

LIFE INSURANCE POLICY ILLUSTRATIONS
61A.70Applicability and Scope
61A.705Definitions
61A.71Policies to Be Illustrated
61A.715General Rules and Prohibitions
61A.72Standards for Basic Illustrations
61A.725Standards for Supplemental Illustrations
61A.73Delivery of Illustration and Record Retention
61A.735Annual Report; Notice to Policy Owners
61A.74Annual Certifications
61A.745Penalties

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