2005 Minnesota Statutes - 71A.01 — Powers.

     71A.01 Powers. 


    Subdivision 1.    Contracts; excepted risks.  
 Individuals, partnerships, business trusts, and corporations, 
 public or private, of this state, hereby designated subscribers, 
 are hereby authorized to exchange reciprocal or interinsurance 
 contracts with each other, or with individuals, partnerships, 
 business trusts, and corporations, public or private, of other 
 states and countries, providing indemnity among themselves for 
 any loss which may be insured against under other provisions of 
 the laws, excepting life and ocean marine insurance. 


    Subd. 2.    Attorney-in-fact.  These contracts may be 
 executed by an attorney, agent, or other representative, herein 
 designated attorney, duly authorized and acting for such 
 subscribers.  


    HIST: 1967 c 395 art 11 s 1; 1980 c 409 s 1