There is a newer version of the Minnesota Statutes
2015 Minnesota Statutes
Chapters 59A - 79A — INSURANCE
Chapter 66A — MUTUAL COMPANIES
Section 66A.27 — LIMITATION ON EXPENSES.
MN Stat § 66A.27 (2015) What's This?
66A.27 LIMITATION ON EXPENSES. No such company shall incur, lay out, or expend, in any one calendar year, as and for the expenses of conducting this business, more than its application or survey fees and 40 percent of its total premiums or assessments actually collected. No company shall be required to limit its annual expenses to less than $1,000.
History:1967 c 395 art 7 s 27
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