Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
61A.01 LIFE INSURANCE COMPANY DEFINED.
Every corporation or association, domestic or foreign, operating upon any plan involving
payment of money or other thing of value to policy or certificate holders, or members, or families,
or representatives of either, conditioned upon the continuance or cessation of human life, or for
the payment of endowments or annuities (except benevolent, fraternal, cooperative or secret
societies of orders for the sole purpose of mutual welfare, protection and relief of their members
and the payment of stipulated amounts, or the proceeds of assessments, to the families of deceased
members), shall be deemed a life insurance company, and wherever used in this chapter, the
terms "company," "life company," "corporation" or "association" shall be construed to mean life
insurance company unless the context clearly indicates otherwise.
History: 1967 c 395 art 2 s 1
Every corporation or association, domestic or foreign, operating upon any plan involving
payment of money or other thing of value to policy or certificate holders, or members, or families,
or representatives of either, conditioned upon the continuance or cessation of human life, or for
the payment of endowments or annuities (except benevolent, fraternal, cooperative or secret
societies of orders for the sole purpose of mutual welfare, protection and relief of their members
and the payment of stipulated amounts, or the proceeds of assessments, to the families of deceased
members), shall be deemed a life insurance company, and wherever used in this chapter, the
terms "company," "life company," "corporation" or "association" shall be construed to mean life
insurance company unless the context clearly indicates otherwise.
History: 1967 c 395 art 2 s 1
Official Publication of the State of Minnesota
Revisor of Statutes