Minnesota Statutes 67A.43 – Commissioner’s Powers and Duties
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Subdivision 1.To have supervision.
The certificate of incorporation and bylaws, forms of contracts and policies adopted or issued by every such association, and the general conduct of its affairs shall be subject to the general supervision and jurisdiction of the commissioner, and the commissioner, when requested by five or more members of the association, shall make an examination of the affairs thereof at the expense of the association. Farmers and township reinsurance or guaranty associations shall be subject to the provisions of chapter 60B.
Subd. 2.Filing of annual statement and license required.
Terms Used In Minnesota Statutes 67A.43
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Terms Used In Minnesota Statutes 67A.43
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Every such association shall file with the commissioner the annual statement and procure the certificate of authority as required by law pertaining to insurance companies.
Subd. 3.
[Repealed, 1987 c 337 s 131]