61B.31 INDEMNIFICATION.
The association has authority to indemnify certain persons against certain expenses and
liabilities as provided in section
302A.521, including the power to purchase and maintain
insurance on behalf of these persons as provided by section
302A.521, subdivision 7. In applying
section
302A.521 for this purpose, the term "member insurers" shall be substituted for the terms
"shareholders" and "stockholders" and the term "association" shall be substituted for the term
"corporation."
History: 1993 c 319 s 16; 2005 c 69 art 3 s 13