GENERAL INSURANCE POWERS

Minn. Stat. ch. 60A

in effect

Contents

section60A.01. SCOPE.section60A.02. DEFINITIONS.section60A.03. COMMISSIONER OF COMMERCE.section60A.06. KINDS OF INSURANCE PERMITTED.section60A.07. AUTHORIZATION AND REQUIREMENTS.section60A.08. CONTRACTS OF INSURANCE.section60A.09. LIMITS OF RISK; REINSURANCE.section60A.10. DEPOSITS FOR PROTECTION OF POLICYHOLDERS.section60A.11. INVESTMENTS PERMITTED FOR DOMESTIC COMPANIES.section60A.12. ASSETS AND LIABILITIES.section60A.13. ANNUAL STATEMENT, INQUIRIES, RENEWAL LICENSES.section60A.14. FEES.section60A.16. MERGERS AND CONSOLIDATIONS.section60A.19. FOREIGN COMPANIES.section60A.21. UNAUTHORIZED INSURERS PROCESS ACT.section60A.22. SPECIAL PROVISIONS AS TO STOCK COMPANIES; STOCKHOLDERS, OFFICERS, DIRECTORS AND INVESTORS.section60A.23. MISCELLANEOUS.section60A.24. EXEMPTIONS FROM INSURANCE LAWS OF THIS STATE.section60A.25. INSOLVENT COMPANIES.section60A.26. SUSPENSION OF INSURERS; NOTIFICATIONS AND REPORTS.section60A.27. DISCIPLINE OF INSURER BY ANOTHER STATE; NOTICE TO COMMISSIONER.section60A.28. DOCUMENTS FILED WITH COMMISSIONER, VERIFICATION.section60A.29. NONPROFIT RISK INDEMNIFICATION TRUST ACT.section60A.031. EXAMINATIONS.section60A.32. RATE FILING FOR CROP HAIL INSURANCE.section60A.032. COMMISSIONER'S ORDERS, REPORT.section60A.033. SCHEDULING CONFERENCE AND ORDER.section60A.035. GOVERNMENT CONTROLLED OR OWNED COMPANY PROHIBITED FROM TRANSACTING BUSINESS.section60A.35. SCOPE.section60A.36. MIDTERM CANCELLATION.section60A.37. NONRENEWAL.section60A.38. INTERPRETATION AND PENALTIES.section60A.39. CERTIFICATES OF INSURANCE.section60A.41. SUBROGATION AGAINST INSUREDS PROHIBITED.section60A.42. DISABILITY INCOME COVERAGE; PROHIBITED PROVISION.section60A.43. DISABILITY INCOME COVERAGE; DISCLOSURE.section60A.50. DEFINITIONS.section60A.51. RBC REPORTS.section60A.52. COMPANY ACTION LEVEL EVENT.section60A.052. CERTIFICATES OF AUTHORITY; ENFORCEMENT ACTIONS.section60A.53. REGULATORY ACTION LEVEL EVENT.section60A.54. AUTHORIZED CONTROL LEVEL EVENT.section60A.55. MANDATORY CONTROL LEVEL EVENT.section60A.56. HEARINGS.section60A.57. ACCESS TO AND USE OF RBC INFORMATION.section60A.58. SUPPLEMENTAL PROVISIONS.section60A.59. FOREIGN HEALTH ORGANIZATIONS.section60A.60. DEFINITIONS.section60A.61. RISK-BASED CAPITAL REPORTS.section60A.62. COMPANY ACTION LEVEL EVENT.section60A.63. REGULATORY ACTION LEVEL EVENT.section60A.64. AUTHORIZED CONTROL LEVEL EVENT.section60A.65. MANDATORY CONTROL LEVEL EVENT.section60A.66. HEARINGS.section60A.67. CONFIDENTIALITY.section60A.68. SUPPLEMENTAL PROVISIONS; RULES; EXEMPTION.section60A.69. FOREIGN INSURERS.section60A.70. TITLE.section60A.71. LICENSURE.section60A.72. BOOKS AND RECORDS; REINSURANCE INTERMEDIARY-BROKERS.section60A.73. REQUIRED CONTRACT PROVISIONS; REINSURANCE INTERMEDIARY-MANAGERS.section60A.74. DUTIES OF REINSURER UTILIZING THE SERVICES OF A REINSURANCE INTERMEDIARY-MANAGER.section60A.75. VIOLATIONS.section60A.76. PURPOSE AND SCOPE.section60A.078. SHORT TITLE.section60A.081. AIRCRAFT INSURANCE.section60A.082. GROUP INSURANCE; BENEFITS CONTINUED IF INSURER CHANGED.section60A.084. NOTIFICATION ON GROUP POLICIES.section60A.085. CANCELLATION OF GROUP COVERAGE; NOTIFICATION TO COVERED PERSONS.section60A.086. RETROACTIVE TERMINATION OF COVERAGE UNDER GROUP POLICIES PROHIBITED.section60A.90. SCOPE.section60A.091. DEFINITION; QUALIFIED UNITED STATES FINANCIAL INSTITUTION.section60A.91. FILING REQUIREMENTS.section60A.92. IMMUNITY.section60A.092. REINSURANCE CREDIT ALLOWED A DOMESTIC CEDING INSURER.section60A.093. REDUCTION FROM LIABILITY FOR REINSURANCE CEDED BY A DOMESTIC INSURER; COLLATERAL REQUIREMENTS.section60A.93. CONFIDENTIALITY.section60A.94. REVOCATION OF CERTIFICATE OF AUTHORITY.section60A.094. RULES.section60A.095. REINSURANCE AGREEMENTS AFFECTED.section60A.096. QUALIFYING LETTER OF CREDIT.section60A.097. QUALIFYING TRUST AGREEMENTS.section60A.99. INTERSTATE INSURANCE PRODUCT REGULATION COMPACT.section60A.112. INVESTMENT POLICY REQUIRED.section60A.121. VALUATIONS; DEFINITIONS.section60A.122. REQUIRED WRITTEN PROCEDURES FOR VALUATIONS.section60A.123. VALUATION PROCEDURE.section60A.124. INDEPENDENT AUDIT.section60A.125. APPRAISAL BY INDEPENDENT APPRAISER.section60A.126. REPORTS TO BOARD; VALUATIONS.section60A.127. INDEPENDENT APPRAISALS OF CERTAIN PROPERTIES.section60A.131. OTHER BUSINESS AND INSURANCE INTERESTS, DISCLOSURE.section60A.135. REPORT; CERTAIN TRANSACTIONS.section60A.136. ACQUISITIONS AND DISPOSITIONS OF ASSETS.section60A.137. NONRENEWALS, CANCELLATIONS, OR REVISIONS OF CEDED REINSURANCE AGREEMENTS.section60A.139. ELECTRONIC NOTICES AND DOCUMENTS.section60A.161. INSURER DOMESTICATION AND CONVERSION.section60A.171. REHABILITATION AND CANCELLATION OF INDEPENDENT AGENT CONTRACTS BY INSURANCE COMPANIES.section60A.172. INSURANCE AGENCY CONTRACTS; CANCELLATION.section60A.173. EFFECTIVE DATE.section60A.174. SEVERABILITY.section60A.175. AGENT COMMISSIONS.section60A.176. DEFINITIONS.section60A.177. INVOLUNTARY TERMINATION OF AN AGENT BY THE INSURER.section60A.178. LIFE OR HEALTH INSURANCE SALES QUOTAS.section60A.179. LIFE OR HEALTH INSURANCE SALES QUOTAS FOR EXCLUSIVE AGENTS.section60A.195. CITATION.section60A.196. DEFINITIONS.section60A.197. RATES AND FORMS.section60A.198. TRANSACTION OF NONADMITTED INSURANCE.section60A.199. EXAMINATIONS.section60A.201. PLACEMENT OF INSURANCE BY BROKER.section60A.202. EVIDENCE OF PLACEMENT OF INSURANCE BY BROKER.section60A.203. RETENTION OF RECORDS.section60A.204. FEES AND COMMISSIONS.section60A.205. COMPENSATION.section60A.206. QUALIFICATION AS ELIGIBLE SURPLUS LINES INSURER.section60A.207. POLICIES TO INCLUDE NOTICE.section60A.208. BROKER ASSOCIATION.section60A.209. INSURANCE PROCURED FROM INELIGIBLE INSURERS.section60A.235. STANDARDS FOR DETERMINING WHETHER CONTRACTS ARE HEALTH PLAN CONTRACTS OR STOP LOSS CONTRACTS.section60A.236. STOP LOSS REGULATION; SMALL EMPLOYER COVERAGE.section60A.315. EXPEDITED FORM AND RATE FILING.section60A.351. RENEWAL OF INSURANCE POLICY WITH ALTERED RATES.section60A.352. WORKERS' COMPENSATION INSURANCE.section60A.591. IMMUNITY.section60A.592. NOTICES.section60A.695. IMMUNITY.section60A.696. NOTICES.section60A.705. DEFINITIONS.section60A.715. REQUIRED CONTRACT PROVISIONS; REINSURANCE INTERMEDIARY-BROKERS.section60A.725. DUTIES OF INSURERS UTILIZING THE SERVICES OF A REINSURANCE INTERMEDIARY-BROKER.section60A.735. PROHIBITED ACTS.section60A.745. EXAMINATION AUTHORITY; REINSURANCE INTERMEDIARY - BROKER.section60A.755. SCOPE.section60A.756. RULES.section60A.761. GLOSSARY OF TECHNICAL TERMS USED.section60A.762. CATEGORIES OF RESERVES.section60A.763. CLAIM RESERVES.section60A.764. PREMIUM RESERVES.section60A.765. CONTRACT RESERVES REQUIRED.section60A.766. MINIMUM STANDARDS FOR CONTRACT RESERVES.section60A.767. REINSURANCE.section60A.768. SPECIFIC STANDARDS FOR MORBIDITY, INTEREST, AND MORTALITY.section60A.0782. DEFINITIONS.section60A.0783. INSURABLE INTEREST REQUIRED.section60A.0784. PROHIBITED PRACTICES.section60A.0785. PROHIBITION; ENTRY INTO SETTLEMENT CONTRACTS.section60A.0786. PRESUMPTION OF STOLI PRACTICES.section60A.0787. PROCESSING CHANGE OF OWNERSHIP OR BENEFICIARY REQUESTS.section60A.0788. FRAUDULENT ACTS.section60A.0789. REMEDIES.section60A.803. LIFE AND HEALTH REINSURANCE AGREEMENTS.section60A.0811. BREACH OF INSURANCE POLICY; RECOVERY OF INTEREST.section60A.0812. PROPERTY AND CASUALTY POLICY EXCLUSIONS.section60A.0921. CREDIT FOR REINSURANCE; CERTIFIED REINSURERS.section60A.951. DEFINITIONS.section60A.952. DISCLOSURE OF INFORMATION.section60A.953. ENFORCEMENT; REFUSAL TO COOPERATE WITH AN INVESTIGATION.section60A.954. INSURANCE ANTIFRAUD PLAN.section60A.955. CLAIM FORMS TO CONTAIN FRAUD WARNING.section60A.956. OTHER LAW ENFORCEMENT AUTHORITY.section60A.957. DEFINITIONS.section60A.964. FEES.section60A.975. DEFINITIONS.section60A.976. ANNUITY ISSUERS FINANCIAL REQUIREMENTS.section60A.985. DEFINITIONS.section60A.991. INTERSTATE INSURANCE PRODUCT REGULATION COMPACT OPT OUT ADMINISTRATION.section60A.1285. OTHER IMPAIRMENTS.section60A.1291. ANNUAL AUDIT.section60A.1295. ACTUARIAL OPINION OF RESERVES AND SUPPORTING DOCUMENTATION.section60A.1296. CONFIDENTIALITY.section60A.1391. CORPORATE GOVERNANCE ANNUAL DISCLOSURE.section60A.1755. AGENT ERRORS AND OMISSIONS INSURANCE; CHOICE OF SOURCE.section60A.2085. SURPLUS LINES ASSOCIATION OF MINNESOTA.section60A.2086. LICENSEE'S DUTY TO SUBMIT DOCUMENTS; PENALTY.section60A.2095. CONSTRUCTION.section60A.9572. LICENSE AND BOND REQUIREMENTS.section60A.9573. LICENSE REVOCATION AND DENIAL.section60A.9574. APPROVAL OF VIATICAL SETTLEMENT CONTRACTS AND DISCLOSURE STATEMENTS.section60A.9575. REPORTING REQUIREMENTS AND PRIVACY.section60A.9577. DISCLOSURE TO VIATOR.section60A.9579. GENERAL RULES.section60A.9581. PROHIBITED PRACTICES AND CONFLICTS OF INTEREST.section60A.9582. ADVERTISING FOR VIATICAL SETTLEMENTS AND VIATICAL SETTLEMENTS PURCHASE AGREEMENTS.section60A.9583. FRAUD PREVENTION AND CONTROL.section60A.9585. UNFAIR TRADE PRACTICE.section60A.9851. INFORMATION SECURITY PROGRAM.section60A.9852. INVESTIGATION OF A CYBERSECURITY EVENT.section60A.9853. NOTIFICATION OF A CYBERSECURITY EVENT.section60A.9854. POWER OF COMMISSIONER.section60A.9855. CONFIDENTIALITY.section60A.9856. EXCEPTIONS.section60A.9857. PENALTIES.section60A.9858. EXCLUSIVITY.

Source: Minnesota Office of the Revisor of Statutes (revisor.mn.gov)URL: https://www.revisor.mn.gov/statutes/cite/60AFetched: 10/19/2026