Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
66A.17 MUTUAL FIRE INSURANCE COMPANIES; PROVISIONS AS TO POLICIES
LAPSING.
Any mutual company insuring property may provide by its certificate or bylaws that upon
failure by any member for 60 days after notification thereof to pay any premium or assessment
made upon the member's policy such policy shall lapse and become void without notice or further
act by or on behalf of the company. The condition shall be plainly and legibly specified in each
policy. Whereupon the company may recover the amount of earned premium or assessment, or
both, but no more. Nothing herein contained shall prevent the reinstatement of the lapsed policy
by voluntary acceptance of any delinquent assessment before suit.
History: 1967 c 395 art 7 s 17; 1986 c 444
LAPSING.
Any mutual company insuring property may provide by its certificate or bylaws that upon
failure by any member for 60 days after notification thereof to pay any premium or assessment
made upon the member's policy such policy shall lapse and become void without notice or further
act by or on behalf of the company. The condition shall be plainly and legibly specified in each
policy. Whereupon the company may recover the amount of earned premium or assessment, or
both, but no more. Nothing herein contained shall prevent the reinstatement of the lapsed policy
by voluntary acceptance of any delinquent assessment before suit.
History: 1967 c 395 art 7 s 17; 1986 c 444
Official Publication of the State of Minnesota
Revisor of Statutes