2025 Session
Last amended: 2025 session
§ 60D.25 — Receivership
Plain-Language Summary
Former insurance holding company regulation provision. This section has been repealed and its substance relocated to other parts of Minnesota insurance law.
60D.25 RECEIVERSHIP.
Whenever it appears to the commissioner that any person has committed a violation of this chapter that so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders, or the public, the commissioner may proceed as provided in chapter 60B to take possessions of the property of the domestic insurer and to conduct the business of the domestic insurer.
History:
1991 c 325 art 14 s 12; 1Sp2025 c 4 art 4 s 22
History: History: 1991 c 325 art 14 s 12; 1Sp2025 c 4 art 4 s 22
Practical Notes
This section is no longer in effect. Check current Minnesota insurance holding company statutes for the applicable law.