2007 Minnesota Statutes
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Chapter 61B
Section 61B.21
Recent History
- 2020 Subd. 1 Amended 2020 c 80 art 2 s 9
- 1998 Subd. 1 Amended 1998 c 386 art 2 s 23
- 1997 Subd. 1 Amended 1997 c 187 art 3 s 15
This is an historical version of this statute chapter. Also view the most recent published version.
61B.21 MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION.
Subdivision 1. Functions. The Minnesota Life and Health Insurance Guaranty Association
shall perform its functions under the plan of operation established and approved under section
61B.25, and shall exercise its powers through a board of directors. The association is not a state
agency for purposes of chapter 16A, 16B, 16C, or 43A. For purposes of administration and
assessment, the association shall establish and maintain two accounts:
(1) the life insurance and annuity account which includes the following subaccounts:
(i) the life insurance account;
(ii) the annuity account; and
(iii) the unallocated annuity account; and
(2) the health insurance account.
Subd. 2. Supervision by commissioner of commerce. The association is under the
immediate supervision of the commissioner and is subject to the applicable provisions of the
insurance laws of this state.
History: 1993 c 319 s 6; 1997 c 187 art 3 s 15; 1998 c 386 art 2 s 23
Subdivision 1. Functions. The Minnesota Life and Health Insurance Guaranty Association
shall perform its functions under the plan of operation established and approved under section
61B.25, and shall exercise its powers through a board of directors. The association is not a state
agency for purposes of chapter 16A, 16B, 16C, or 43A. For purposes of administration and
assessment, the association shall establish and maintain two accounts:
(1) the life insurance and annuity account which includes the following subaccounts:
(i) the life insurance account;
(ii) the annuity account; and
(iii) the unallocated annuity account; and
(2) the health insurance account.
Subd. 2. Supervision by commissioner of commerce. The association is under the
immediate supervision of the commissioner and is subject to the applicable provisions of the
insurance laws of this state.
History: 1993 c 319 s 6; 1997 c 187 art 3 s 15; 1998 c 386 art 2 s 23
Official Publication of the State of Minnesota
Revisor of Statutes