66A.26 PROPERTY INSURABLE.
No such company shall insure any other property than country churches and school houses,
farm dwellings, mutual or cooperative creameries, cheese factories, barns, and other buildings,
and hay, grain, and other farm products therein, or stored or growing on the premises, bedding,
wearing apparel, printed books, pictures and frames, household furniture, family stores and
provisions while therein or in the cellar beneath, farm implements, vehicles, and machinery on
or off the premises, threshing machines, or livestock thereon or running at large, and any and
all property of any kind which may be insured by a township mutual fire insurance company,
organized under the provisions of sections
67A.01 and
67A.02. No company, in its hail
department, shall insure more than 3,200 acres in any one township; there shall be at least one-half
mile between each risk assumed by the company, except that risks may be assumed which cover
the growing crops upon not more than 320 acres of contiguous or immediately adjacent lands.
History: 1967 c 395 art 7 s 26