65A.19 EXAMINATION.
When the company shall notify the commissioner that it has fulfilled the requirements
already expressed in sections
65A.16 to
65A.24, and that its guaranty surplus fund and its special
reserve fund, taken together, equal its capital stock or amount to the sum of $2,000,000, the
commissioner shall make an examination of the company and make a certificate of the result
thereof, and file the same in the commissioner's office and, if the commissioner shall find that the
combined funds shall equal the capital stock of the company or amount to the sum of $2,000,000,
thereafter the company may continue, out of any subsequent profits of its business, to add to
these funds; provided, that when any addition is made to the special reserve fund, an equal sum
shall be carried to the guaranty surplus fund.
History: 1967 c 395 art 6 s 19; 1986 c 444; 1997 c 7 art 1 s 19