2005 Minnesota Statutes - 67A.19 — Joint or partial risks.

     67A.19 Joint or partial risks.  


    Township mutual fire insurance companies may issue joint or 
 partial risk policies in conjunction with adjoining companies of 
 the same class and, in this case, they are not confined to the 
 townships in which they are otherwise authorized to do business; 
 but no such insurance of a joint or partial risk shall be valid 
 or binding upon the company insuring the same until approved by 
 all the companies holding prior policies on the property so 
 insured, and the total amount of the joint insurance on any one 
 piece of property shall in no case exceed the total percentage 
 of its value for which the property is insurable by the company. 


    HIST: 1967 c 395 art 8 s 19; 1975 c 15 s 17