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Chapter 66A
Section 66A.30
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This is an historical version of this statute chapter. Also view the most recent published version.
66A.30 TRANSFER OF RISKS AND REINSURANCE.
Every company may transfer its risks to, or reinsure them in, any other domestic or foreign
company at the time authorized to do such business in this state, on the mutual or stock plan, by a
contract of transfer or reinsurance approved by the commissioner, and by a two-thirds vote of the
members present or duly represented and voting at a meeting of the company.
History: 1967 c 395 art 7 s 30
Every company may transfer its risks to, or reinsure them in, any other domestic or foreign
company at the time authorized to do such business in this state, on the mutual or stock plan, by a
contract of transfer or reinsurance approved by the commissioner, and by a two-thirds vote of the
members present or duly represented and voting at a meeting of the company.
History: 1967 c 395 art 7 s 30
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