There is a newer version of the Minnesota Statutes
2014 Minnesota Statutes
Chapters 59A - 79A — INSURANCE
Chapter 61A — LIFE INSURANCE
Section 61A.51 — INSOLVENCY.
MN Stat § 61A.51 (2014) What's This?
61A.51 INSOLVENCY. In case any cooperative or assessment life, endowment, or casualty insurance association or society is adjudged insolvent, the balance of its reserve fund, if any, after payment of claims and other indebtedness, shall be paid to the commissioner who shall pay it into the state treasury.
History:1967 c 395 art 2 s 51; 1986 c 444
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