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.
60D.25 RECEIVERSHIP.
Whenever it appears to the commissioner that any person has committed a violation of this
chapter that so impairs the financial condition of a domestic insurer as to threaten insolvency or
make the further transaction of business by it hazardous to its policyholders or the public, then the
commissioner may proceed as provided in chapter 60B to take possessions of the property of the
domestic insurer and to conduct the business of that insurer.
History: 1991 c 325 art 14 s 12
Whenever it appears to the commissioner that any person has committed a violation of this
chapter that so impairs the financial condition of a domestic insurer as to threaten insolvency or
make the further transaction of business by it hazardous to its policyholders or the public, then the
commissioner may proceed as provided in chapter 60B to take possessions of the property of the
domestic insurer and to conduct the business of that insurer.
History: 1991 c 325 art 14 s 12
Official Publication of the State of Minnesota
Revisor of Statutes