2002 Minnesota Statutes

CHAPTER 61A. Life insurance

Table of Sections

Section	Headnote
GENERAL PROVISIONS
61A.01	Life insurance company defined.
61A.011	Interest on unpaid benefits.
CONTRACTS
61A.02	Forms of policy.
61A.021	Sale of life insurance and annuity as single policy prohibited.
61A.03	Required provisions; life insurance policies.
61A.031	Suicide provisions.
61A.04	Spendthrift provisions.
61A.05	Life policies to contain entire contract.
61A.06	Aviation and war risk exclusion permitted.
61A.07	Prohibited provisions.
61A.071	Applications.
61A.072	Policies with accelerated benefits.
61A.073	Life insurance for the benefit of charity.
61A.074	Insurable interests.
61A.08	Exceptions.
61A.09	Group life insurance.
61A.091	Employee group life insurance plans.
61A.092	Continuation of coverage for life insurance.
61A.093	Certificate of insurance.
61A.10	Extension of time for payment of premiums.
61A.11	Misstatement, when not to invalidate policy.
61A.12	Beneficiaries.
CONTRACTS -- VARIABLE BASIS
61A.13	Definitions.
61A.14	Companies entitled to issue contracts; accounts; investments.
61A.15	Contract provisions.
61A.16	Contract provisions.
61A.17	Filing of contracts.
61A.18	Disapproval of contracts.
61A.19	Company requirements.
61A.20	Rules.
61A.21	Application of other laws.
CONTRACTS -- MISCELLANEOUS
61A.22	Contracts to specify benefits and consideration.
61A.23	Provisions in policies; laws of other states.
STANDARD NONFORFEITURE LAW
61A.24	Standard Nonforfeiture Law for Life Insurance.
61A.245	Standard Nonforfeiture Law for Individual Deferred Annuities.
STANDARD VALUATION LAW
61A.25	Standard Valuation Law.
61A.255	Smoker and nonsmoker mortality tables.
DIVIDEND PROVISIONS
61A.26	Dividends.
CONTINGENCY RESERVE
61A.27	Contingency reserve; limitations.
BENEFIT ACCOUNTS
61A.275	Separate accounts; pension plans.
61A.276	Funding agreements.
INVESTMENTS
61A.28	Domestic companies, investments.
61A.281	Investments; subsidiaries.
61A.282	Investments in name of company or nominee and prohibitions.
61A.283	Admitted assets.
61A.284	Investments; capital stock of other insurance companies.
61A.29	Foreign investments.
61A.30	Joint investments.
61A.31	Real estate holdings.
61A.315	Investments and holdings; limitations.
DOMESTIC MUTUAL LIFE COMPANIES; ADDITIONAL PROVISIONS
61A.32	Domestic mutual and stock and mutual companies; voting rights of members.
61A.321	Guaranty funds.
STOCK AND MUTUAL COMPANIES; ADDITIONAL PROVISIONS
61A.33	Stock and mutual life insurance companies.
61A.34	Application.
61A.35	Voting rights.
61A.36	Conversion of existing companies; amendment of certificates of incorporation.
61A.37	Domestic insurance corporations may become mutual corporations.
61A.38	May acquire capital stock.
COOPERATIVE COMPANIES; SPECIAL PROVISIONS
61A.39	Cooperative life and casualty companies.
61A.40	Qualifications for license; number of members.
61A.41	Reserve fund; reciprocal provisions.
61A.42	Payments; liens; assessments; policies to be labeled.
61A.43	Accumulations; amendment to articles or bylaws.
61A.44	Limitation on expenses; life insurance.
61A.45	Limitation on expenses; companies with reserve deposits.
61A.46	Net rates; reserve fund; limitation of expenses.
61A.47	Reinsurance or consolidation.
61A.48	May change to legal reserve or level premium companies.
61A.49	[Repealed, 1987 c 268 art 2 s 38]
61A.50	Application.
61A.51	Insolvency.
61A.52	Reserve required.
REPLACEMENT INSURANCE
61A.53	Definitions.
61A.54	Exemptions.
61A.55	Duties of agents and brokers.
61A.56	Duties of all insurers.
61A.57	Duties of insurers that use agents or brokers.
61A.58	Duties of insurers with respect to direct response sales.
61A.59	Enforcement; effect of compliance.
61A.60	Required replacement notice and form.