Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
222.60 MAXIMUM AMOUNT OF INSURANCE ISSUED.
Subdivision 1. Related to account balance. The commissioner shall not at any time issue
insurance under section 222.58 aggregating in excess of an amount equal to the current balance
contained in the account multiplied by ten.
Subd. 2. When account balance falls. Any insurance properly issued under the provisions
of subdivision 1 and otherwise in compliance with the requirements of sections 222.55 to 222.62
shall be valid if the current balance contained in the account subsequently falls below the amount
specified in subdivision 1.
History: 1978 c 667 s 6
Subdivision 1. Related to account balance. The commissioner shall not at any time issue
insurance under section 222.58 aggregating in excess of an amount equal to the current balance
contained in the account multiplied by ten.
Subd. 2. When account balance falls. Any insurance properly issued under the provisions
of subdivision 1 and otherwise in compliance with the requirements of sections 222.55 to 222.62
shall be valid if the current balance contained in the account subsequently falls below the amount
specified in subdivision 1.
History: 1978 c 667 s 6
Official Publication of the State of Minnesota
Revisor of Statutes