Minn. Stat. ch. 61A – Life Insurance | Midpage

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Minnesota Statutes

Chapter 61A

Minn. Stat. ch. 61A

Life Insurance

61A.01Life Insurance Company Defined 61A.011Interest on Unpaid Benefits 61A.012Annual Notice Required 61A.02Forms of Policy 61A.021Sale of Life Insurance and Annuity as Single Policy Prohibited 61A.03Required Provisions; Life Insurance Policies 61A.031Suicide Provisions 61A.04Spendthrift Provisions 61A.05Life Policies to Contain Entire Contract 61A.06Aviation and War Risk Exclusion Permitted 61A.07Prohibited Provisions 61A.071Applications 61A.072Accelerated Benefits 61A.073[Repealed, 2009 c 52 s 10]61A.074[Repealed, 2009 c 52 s 10]61A.08Exceptions 61A.09Group Life Insurance 61A.091Employee Group Life Insurance Plans 61A.092Continuation of Coverage for Life Insurance 61A.093Certificate of Insurance 61A.10Extension of Time for Payment of Premiums 61A.11Misstatement, When Not to Invalidate Policy 61A.12Beneficiaries 61A.13Definitions 61A.14Companies Entitled to Issue Contracts; Accounts; Investments 61A.15Contract Provisions 61A.16Contract Provisions 61A.17Filing of Contracts 61A.18Disapproval of Contracts 61A.19Company Requirements 61A.20Rules 61A.21Application of Other Laws 61A.22Contracts to Specify Benefits and Consideration 61A.23Provisions in Policies; Laws of Other States 61A.24Standard Nonforfeiture Law for Life Insurance 61A.245Standard Nonforfeiture Law for Individual Deferred Annuities 61A.25Standard Valuation Law 61A.255Smoker and Nonsmoker Mortality Tables 61A.257Preferred Mortality Tables for Use in Determining Minimum Reserve Liabilities 61A.258Preneed Insurance Products; Minimum Mortality Standards for Reserves and Nonforfeiture Values 61A.26[Renumbered 66A.34]61A.27Contingency Reserve; Limitations 61A.275[Repealed, 2011 c 61 s 9]61A.276Funding Agreements 61A.28Domestic Companies, Investments 61A.281Investments; Subsidiaries 61A.282Investments in Name of Company or Nominee and Prohibitions 61A.283Admitted Assets 61A.284Investments; Capital Stock of Other Insurance Companies 61A.29Foreign Investments 61A.30Joint Investments 61A.31Real Estate Holdings 61A.315Investments and Holdings; Limitations 61A.32[Repealed, 2005 c 69 art 2 s 19]61A.321[Renumbered 66A.35]61A.33[Renumbered 66A.36]61A.34[Renumbered 66A.37]61A.35[Renumbered 66A.38]61A.36[Renumbered 66A.39]61A.37[Renumbered 66A.42]61A.38[Renumbered 66A.43]61A.39Cooperative Life and Casualty Companies 61A.40Qualifications for License; Number of Members 61A.41Reserve Fund; Reciprocal Provisions 61A.42Payments; Liens; Assessments; Policies to Be Labeled 61A.43Accumulations; Amendment to Articles or Bylaws 61A.44Limitation on Expenses; Life Insurance 61A.45Limitation on Expenses; Companies with Reserve Deposits 61A.46Net Rates; Reserve Fund; Limitation of Expenses 61A.47Reinsurance or Consolidation 61A.48Change to Legal Reserve or Level Premium Companies 61A.49[Repealed, 1987 c 268 art 2 s 38]61A.50Application 61A.51Insolvency 61A.52Reserve Required 61A.53Definitions 61A.54Exemptions 61A.55Duties of Agents and Brokers 61A.56Duties of All Insurers 61A.57Duties of Insurers That Use Agents or Brokers 61A.58Duties of Insurers with Respect to Direct Response Sales 61A.59Enforcement; Effect of Compliance 61A.60Required Replacement Notice and Form 61A.70Applicability and Scope 61A.705Definitions 61A.71Policies to Be Illustrated 61A.715General Rules and Prohibitions 61A.72Standards for Basic Illustrations 61A.725Standards for Supplemental Illustrations 61A.73Delivery of Illustration and Record Retention 61A.735Annual Report; Notice to Policy Owners 61A.74Annual Certifications 61A.745Penalties