2016 Minnesota Statutes
Chapters 59A - 79A — INSURANCE
Chapter 60A — GENERAL INSURANCE POWERS

• Section 60A.01 — SCOPE.
• Section 60A.02 — DEFINITIONS.
• Section 60A.03 — COMMISSIONER OF COMMERCE.
• Section 60A.031 — EXAMINATIONS.
• Section 60A.032 — COMMISSIONER'S ORDERS, REPORT.
• Section 60A.035 — GOVERNMENT CONTROLLED OR OWNED COMPANY PROHIBITED FROM TRANSACTING BUSINESS.
• Section 60A.04 — [Repealed, 1969 c 708 s 62]
• Section 60A.05 — [Repealed, 1992 c 564 art 3 s 30]
• Section 60A.051 — [Repealed, 1992 c 564 art 3 s 30]
• Section 60A.052 — CERTIFICATES OF AUTHORITY; ENFORCEMENT ACTIONS.
• Section 60A.053 — MS 2008 [Expired, 2000 c 367 s 1]
• Section 60A.06 — KINDS OF INSURANCE PERMITTED.
• Section 60A.07 — AUTHORIZATION AND REQUIREMENTS.
• Section 60A.075 — [Renumbered 66A.41]
• Section 60A.076 — [Repealed, 1991 c 325 art 4 s 10]
• Section 60A.077 — [Renumbered 66A.40]

INSURABLE INTEREST

• Section 60A.078 — SHORT TITLE.
• Section 60A.0782 — DEFINITIONS.
• Section 60A.0783 — INSURABLE INTEREST REQUIRED.
• Section 60A.0784 — PROHIBITED PRACTICES.
• Section 60A.0785 — PROHIBITION; ENTRY INTO SETTLEMENT CONTRACTS.
• Section 60A.0786 — PRESUMPTION OF STOLI PRACTICES.
• Section 60A.0787 — PROCESSING CHANGE OF OWNERSHIP OR BENEFICIARY REQUESTS.
• Section 60A.0788 — FRAUDULENT ACTS.
• Section 60A.0789 — REMEDIES.

CONTRACTS

• Section 60A.08 — CONTRACTS OF INSURANCE.

AIRCRAFT INSURANCE

• Section 60A.081 — AIRCRAFT INSURANCE.

BREACH OF POLICY

• Section 60A.0811 — BREACH OF INSURANCE POLICY; RECOVERY OF INTEREST.

GROUP POLICIES

• Section 60A.082 — GROUP INSURANCE; BENEFITS CONTINUED IF INSURER CHANGED.
• Section 60A.084 — NOTIFICATION ON GROUP POLICIES.
• Section 60A.085 — CANCELLATION OF GROUP COVERAGE; NOTIFICATION TO COVERED PERSONS.
• Section 60A.086 — RETROACTIVE TERMINATION OF COVERAGE UNDER GROUP POLICIES PROHIBITED.

FINANCIAL REGULATION

• Section 60A.09 — LIMITS OF RISK; REINSURANCE.
• Section 60A.091 — DEFINITION; QUALIFIED UNITED STATES FINANCIAL INSTITUTION.
• Section 60A.092 — REINSURANCE CREDIT ALLOWED A DOMESTIC CEDING INSURER.
• Section 60A.093 — REDUCTION FROM LIABILITY FOR REINSURANCE CEDED BY A DOMESTIC INSURER; COLLATERAL REQUIREMENTS.
• Section 60A.094 — RULES.
• Section 60A.095 — REINSURANCE AGREEMENTS AFFECTED.
• Section 60A.096 — QUALIFYING LETTER OF CREDIT.
• Section 60A.097 — QUALIFYING TRUST AGREEMENTS.
• Section 60A.10 — DEPOSITS FOR PROTECTION OF POLICYHOLDERS.
• Section 60A.101 — [Repealed, 1988 c 674 s 22]
• Section 60A.11 — INVESTMENTS PERMITTED FOR DOMESTIC COMPANIES.
• Section 60A.111 — [Repealed, 2001 c 215 s 41]
• Section 60A.112 — INVESTMENT POLICY REQUIRED.
• Section 60A.12 — ASSETS AND LIABILITIES.
• Section 60A.121 — VALUATIONS; DEFINITIONS.
• Section 60A.122 — REQUIRED WRITTEN PROCEDURES FOR VALUATIONS.
• Section 60A.123 — VALUATION PROCEDURE.
• Section 60A.124 — INDEPENDENT AUDIT.
• Section 60A.125 — APPRAISAL BY INDEPENDENT APPRAISER.
• Section 60A.126 — REPORTS TO BOARD; VALUATIONS.
• Section 60A.127 — INDEPENDENT APPRAISALS OF CERTAIN PROPERTIES.
• Section 60A.128 — [Repealed, 2000 c 350 s 16]
• Section 60A.1285 — OTHER IMPAIRMENTS.
• Section 60A.129 — [Repealed, 2009 c 37 art 3 s 25]
• Section 60A.1291 — ANNUAL AUDIT.
• Section 60A.1295 — ACTUARIAL OPINION OF RESERVES AND SUPPORTING DOCUMENTATION.
• Section 60A.1296 — CONFIDENTIALITY.
• Section 60A.13 — ANNUAL STATEMENT, INQUIRIES, RENEWAL LICENSES.
• Section 60A.131 — OTHER BUSINESS AND INSURANCE INTERESTS, DISCLOSURE.
• Section 60A.135 — REPORT; CERTAIN TRANSACTIONS.
• Section 60A.136 — ACQUISITIONS AND DISPOSITIONS OF ASSETS.
• Section 60A.137 — NONRENEWALS, CANCELLATIONS, OR REVISIONS OF CEDED REINSURANCE AGREEMENTS.
• Section 60A.139 — ELECTRONIC NOTICES AND DOCUMENTS.

FEES

• Section 60A.14 — FEES.
• Section 60A.15 — [Repealed, 2000 c 394 art 2 s 28]
• Section 60A.151 — [Repealed, 1989 c 324 s 29]
• Section 60A.152 — [Repealed, 2000 c 394 art 2 s 28]

MERGERS, CONSOLIDATIONS, DOMESTICATIONS, AND CONVERSIONS

• Section 60A.16 — MERGERS AND CONSOLIDATIONS.
• Section 60A.161 — INSURER DOMESTICATION AND CONVERSION.
• Section 60A.17 — Subdivisions renumbered, repealed, or no longer in effect
• Section 60A.1701 — [Renumbered 60K.19]

AGENCY AGREEMENTS

• Section 60A.171 — REHABILITATION AND CANCELLATION OF INDEPENDENT AGENT CONTRACTS BY INSURANCE COMPANIES.
• Section 60A.172 — INSURANCE AGENCY CONTRACTS; CANCELLATION.
• Section 60A.173 — EFFECTIVE DATE.
• Section 60A.174 — SEVERABILITY.
• Section 60A.175 — AGENT COMMISSIONS.
• Section 60A.1755 — AGENT ERRORS AND OMISSIONS INSURANCE; CHOICE OF SOURCE.
• Section 60A.176 — DEFINITIONS.
• Section 60A.177 — INVOLUNTARY TERMINATION OF AN AGENT BY THE INSURER.

LIFE OR HEALTH SALES QUOTAS

• Section 60A.178 — LIFE OR HEALTH INSURANCE SALES QUOTAS.
• Section 60A.179 — LIFE OR HEALTH INSURANCE SALES QUOTAS FOR EXCLUSIVE AGENTS.
• Section 60A.18 — [Repealed, 2014 c 222 art 1 s 58]

FOREIGN COMPANIES

• Section 60A.19 — FOREIGN COMPANIES.

SURPLUS LINES INSURANCE

• Section 60A.195 — CITATION.
• Section 60A.196 — DEFINITIONS.
• Section 60A.197 — RATES AND FORMS.
• Section 60A.198 — TRANSACTION OF NONADMITTED INSURANCE.
• Section 60A.199 — EXAMINATIONS.
• Section 60A.20 — [Repealed, 1981 c 221 s 15]
• Section 60A.201 — PLACEMENT OF INSURANCE BY BROKER.
• Section 60A.202 — EVIDENCE OF PLACEMENT OF INSURANCE BY BROKER.
• Section 60A.203 — RETENTION OF RECORDS.
• Section 60A.204 — FEES AND COMMISSIONS.
• Section 60A.205 — COMPENSATION.
• Section 60A.206 — QUALIFICATION AS ELIGIBLE SURPLUS LINES INSURER.
• Section 60A.207 — POLICIES TO INCLUDE NOTICE.
• Section 60A.208 — BROKER ASSOCIATION.
• Section 60A.2085 — SURPLUS LINES ASSOCIATION OF MINNESOTA.
• Section 60A.2086 — LICENSEE'S DUTY TO SUBMIT DOCUMENTS; PENALTY.
• Section 60A.209 — INSURANCE PROCURED FROM INELIGIBLE INSURERS.
• Section 60A.2095 — CONSTRUCTION.

UNAUTHORIZED INSURERS PROCESS

• Section 60A.21 — UNAUTHORIZED INSURERS PROCESS ACT.

MISCELLANEOUS

• Section 60A.22 — SPECIAL PROVISIONS AS TO STOCK COMPANIES; STOCKHOLDERS, OFFICERS, DIRECTORS AND INVESTORS.
• Section 60A.23 — MISCELLANEOUS.

STOP LOSS CONTRACTS

• Section 60A.235 — STANDARDS FOR DETERMINING WHETHER CONTRACTS ARE HEALTH PLAN CONTRACTS OR STOP LOSS CONTRACTS.
• Section 60A.236 — STOP LOSS REGULATION; SMALL EMPLOYER COVERAGE.

EXEMPTION FOR FRATERNALS

• Section 60A.24 — EXEMPTIONS FROM INSURANCE LAWS OF THIS STATE.

INSOLVENCY, SUSPENSION, AND DISCIPLINE OF INSURERS

• Section 60A.25 — INSOLVENT COMPANIES.
• Section 60A.26 — SUSPENSION OF INSURERS; NOTIFICATIONS AND REPORTS.
• Section 60A.27 — DISCIPLINE OF INSURER BY ANOTHER STATE; NOTICE TO COMMISSIONER.

DOCUMENTS FILED WITH COMMISSIONER

• Section 60A.28 — DOCUMENTS FILED WITH COMMISSIONER, VERIFICATION.

NONPROFIT RISK INDEMNIFICATION

• Section 60A.29 — NONPROFIT RISK INDEMNIFICATION TRUST ACT.
• Section 60A.30 — [Renumbered 60A.351]
• Section 60A.31 — [Renumbered 60A.352]

EXPEDITED FORM AND RATE FILING

• Section 60A.315 — EXPEDITED FORM AND RATE FILING.

CROP HAIL INSURANCE RATE FILING

• Section 60A.32 — RATE FILING FOR CROP HAIL INSURANCE.

CANCELLATION AND RENEWAL OF COMMERCIAL LIABILITY AND/OR PROPERTY POLICIES

• Section 60A.35 — SCOPE.
• Section 60A.351 — RENEWAL OF INSURANCE POLICY WITH ALTERED RATES.
• Section 60A.352 — WORKERS' COMPENSATION INSURANCE.
• Section 60A.36 — MIDTERM CANCELLATION.
• Section 60A.37 — NONRENEWAL.
• Section 60A.38 — INTERPRETATION AND PENALTIES.

CERTIFICATES OF INSURANCE

• Section 60A.39 — CERTIFICATES OF INSURANCE.
• Section 60A.40 — [Repealed, 1996 c 446 art 1 s 72; 1998 c 339 s 12]

SUBROGATION AGAINST INSURED

• Section 60A.41 — SUBROGATION AGAINST INSUREDS PROHIBITED.

DISABILITY INCOME COVERAGE

• Section 60A.42 — DISABILITY INCOME COVERAGE; PROHIBITED PROVISION.

RISK-BASED CAPITAL FOR HEALTH ORGANIZATIONS

• Section 60A.50 — DEFINITIONS.
• Section 60A.51 — RBC REPORTS.
• Section 60A.52 — COMPANY ACTION LEVEL EVENT.
• Section 60A.53 — REGULATORY ACTION LEVEL EVENT.
• Section 60A.54 — AUTHORIZED CONTROL LEVEL EVENT.
• Section 60A.55 — MANDATORY CONTROL LEVEL EVENT.
• Section 60A.56 — HEARINGS.
• Section 60A.57 — ACCESS TO AND USE OF RBC INFORMATION.
• Section 60A.58 — SUPPLEMENTAL PROVISIONS.
• Section 60A.59 — FOREIGN HEALTH ORGANIZATIONS.
• Section 60A.591 — IMMUNITY.
• Section 60A.592 — NOTICES.

REGULATION OF RISK-BASED CAPITAL

• Section 60A.60 — DEFINITIONS.
• Section 60A.61 — RISK-BASED CAPITAL REPORTS.
• Section 60A.62 — COMPANY ACTION LEVEL EVENT.
• Section 60A.63 — REGULATORY ACTION LEVEL EVENT.
• Section 60A.64 — AUTHORIZED CONTROL LEVEL EVENT.
• Section 60A.65 — MANDATORY CONTROL LEVEL EVENT.
• Section 60A.66 — HEARINGS.
• Section 60A.67 — CONFIDENTIALITY.
• Section 60A.68 — SUPPLEMENTAL PROVISIONS; RULES; EXEMPTION.
• Section 60A.69 — FOREIGN INSURERS.
• Section 60A.695 — IMMUNITY.
• Section 60A.696 — NOTICES.

REINSURANCE INTERMEDIARY ACT

• Section 60A.70 — TITLE.
• Section 60A.705 — DEFINITIONS.
• Section 60A.71 — LICENSURE.
• Section 60A.715 — REQUIRED CONTRACT PROVISIONS; REINSURANCE INTERMEDIARY-BROKERS.
• Section 60A.72 — BOOKS AND RECORDS; REINSURANCE INTERMEDIARY-BROKERS.
• Section 60A.725 — DUTIES OF INSURERS UTILIZING THE SERVICES OF A REINSURANCE INTERMEDIARY-BROKER.
• Section 60A.73 — REQUIRED CONTRACT PROVISIONS; REINSURANCE INTERMEDIARY-MANAGERS.
• Section 60A.735 — PROHIBITED ACTS.
• Section 60A.74 — DUTIES OF REINSURER UTILIZING THE SERVICES OF A REINSURANCE INTERMEDIARY-MANAGER.
• Section 60A.745 — EXAMINATION AUTHORITY; REINSURANCE INTERMEDIARY - BROKER.
• Section 60A.75 — VIOLATIONS.
• Section 60A.755 — SCOPE.
• Section 60A.756 — RULES.

MINIMUM STANDARD OF VALUATION FOR HEALTH INSURANCE

• Section 60A.76 — PURPOSE AND SCOPE.
• Section 60A.761 — GLOSSARY OF TECHNICAL TERMS USED.
• Section 60A.762 — CATEGORIES OF RESERVES.
• Section 60A.763 — CLAIM RESERVES.
• Section 60A.764 — PREMIUM RESERVES.
• Section 60A.765 — CONTRACT RESERVES REQUIRED.
• Section 60A.766 — MINIMUM STANDARDS FOR CONTRACT RESERVES.
• Section 60A.767 — REINSURANCE.
• Section 60A.768 — SPECIFIC STANDARDS FOR MORBIDITY, INTEREST, AND MORTALITY.

REINSURANCE AGREEMENTS

• Section 60A.80 — [Repealed, 1994 c 426 s 14]
• Section 60A.801 — [Repealed, 1994 c 426 s 14]
• Section 60A.802 — [Repealed, 1994 c 426 s 14]
• Section 60A.803 — LIFE AND HEALTH REINSURANCE AGREEMENTS.

INSURANCE REGULATORY INFORMATION SYSTEM

• Section 60A.90 — SCOPE.
• Section 60A.91 — FILING REQUIREMENTS.
• Section 60A.92 — IMMUNITY.
• Section 60A.93 — CONFIDENTIALITY.
• Section 60A.94 — REVOCATION OF CERTIFICATE OF AUTHORITY.

INSURANCE FRAUD

• Section 60A.951 — DEFINITIONS.
• Section 60A.952 — DISCLOSURE OF INFORMATION.
• Section 60A.953 — ENFORCEMENT; REFUSAL TO COOPERATE WITH AN INVESTIGATION.
• Section 60A.954 — INSURANCE ANTIFRAUD PLAN.
• Section 60A.955 — CLAIM FORMS TO CONTAIN FRAUD WARNING.
• Section 60A.956 — OTHER LAW ENFORCEMENT AUTHORITY.

VIATICAL SETTLEMENTS

• Section 60A.957 — DEFINITIONS.
• Section 60A.9572 — LICENSE AND BOND REQUIREMENTS.
• Section 60A.9573 — LICENSE REVOCATION AND DENIAL.
• Section 60A.9574 — APPROVAL OF VIATICAL SETTLEMENT CONTRACTS AND DISCLOSURE STATEMENTS.
• Section 60A.9575 — REPORTING REQUIREMENTS AND PRIVACY.
• Section 60A.9577 — DISCLOSURE TO VIATOR.
• Section 60A.9579 — GENERAL RULES.
• Section 60A.9581 — PROHIBITED PRACTICES AND CONFLICTS OF INTEREST.
• Section 60A.9582 — ADVERTISING FOR VIATICAL SETTLEMENTS AND VIATICAL SETTLEMENTS PURCHASE AGREEMENTS.
• Section 60A.9583 — FRAUD PREVENTION AND CONTROL.
• Section 60A.9585 — UNFAIR TRADE PRACTICE.
• Section 60A.961 — [Repealed, 2009 c 62 s 14]
• Section 60A.962 — [Repealed, 2009 c 62 s 14]
• Section 60A.963 — [Repealed, 2009 c 62 s 14]
• Section 60A.964 — FEES.
• Section 60A.965 — [Repealed, 2009 c 62 s 14]
• Section 60A.966 — [Repealed, 2009 c 62 s 14]
• Section 60A.967 — [Repealed, 2009 c 62 s 14]
• Section 60A.968 — [Repealed, 2009 c 62 s 14]
• Section 60A.969 — [Repealed, 2009 c 62 s 14]
• Section 60A.970 — [Repealed, 2009 c 62 s 14]
• Section 60A.971 — [Repealed, 2009 c 62 s 14]
• Section 60A.972 — [Repealed, 2009 c 62 s 14]
• Section 60A.973 — [Repealed, 2009 c 62 s 14]
• Section 60A.974 — [Repealed, 2009 c 62 s 14]

STRUCTURED SETTLEMENT ANNUITIES

• Section 60A.975 — DEFINITIONS.
• Section 60A.976 — ANNUITY ISSUERS FINANCIAL REQUIREMENTS.

INFORMATION SECURITY PROGRAM

• Section 60A.98 — DEFINITIONS.
• Section 60A.981 — INFORMATION SECURITY PROGRAM.
• Section 60A.982 — UNFAIR TRADE PRACTICES.

INTERSTATE INSURANCE PRODUCT REGULATION COMPACT

• Section 60A.99 — INTERSTATE INSURANCE PRODUCT REGULATION COMPACT.
• Section 60A.991 — INTERSTATE INSURANCE PRODUCT REGULATION COMPACT OPT OUT ADMINISTRATION.