1998 Minnesota Statutes

     45.0293 Regulation of group life insurance. 

    The commissioner may waive all or part of the requirements 
 of section 61A.09, subdivision 3, if: 

    (1) all the premiums under the group policy are paid by the 
 group policyholder; 

    (2) the loans insured are first real estate residential 
 mortgage loans owned or guaranteed by the group policyholder; 
 and 

    (3) the group policy is in the best interests of insured 
 debtors. 

    HIST: 1997 c 222 s 6