Minnesota Statutes 61B.33 – Rights and Obligations of Association
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Notwithstanding any other provision of law, the provisions of the Minnesota Life and Health Insurance Guaranty Association Act in effect on the date the association first becomes obligated for the policies or contracts of an insolvent or impaired member insurer govern the association’s rights or obligations to the policy owners, contract owners, or enrollees of the insolvent or impaired member insurer.
Terms Used In Minnesota Statutes 61B.33
- Contract: A legal written agreement that becomes binding when signed.