2005 Minnesota Statutes - 67A.191 — Combination policies.

     67A.191 Combination policies. 


    Subdivision 1.    Qualified risks.  A township mutual 
 fire insurance company may issue an insurance policy for 
 qualified and secondary property as defined in section 67A.14, 
 subdivision 1, in combination with a policy issued by an insurer 
 authorized to sell property and casualty insurance in this 
 state.  The portions of the combination policy issued by a 
 township mutual insurance company are excluded from all 
 provisions of the insurance laws of this state as provided in 
 section 67A.25, subdivision 2. 


    Subd. 2.    Homeowner's risks.  A township mutual fire 
 insurance company may issue policies known as "homeowner's 
 insurance" as defined in section 65A.27, subdivision 4, only in 
 combination with a policy issued by an insurer authorized to 
 sell property and casualty insurance in this state.  All 
 portions of the combination policy providing homeowner's 
 insurance, including those issued by a township mutual insurance 
 company, shall be subject to the provisions of chapter 65A. 


    HIST: 1994 c 564 s 1; 1998 c 297 s 1; 2004 c 202 s 2