§ 60G.01 — Definitions
Plain-Language Summary
This section defines key terms used in the insurance supervision chapter. It explains what 'commissioner,' 'consent,' 'insurer,' and 'department' mean, and lists the types of insurance companies covered by this law.
60G.01 DEFINITIONS.
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Subdivision 1.Application.
The definitions in this section apply to this chapter. §
Subd. 2.Commissioner.
“Commissioner” means the commissioner of commerce, except that “commissioner” means the commissioner of health for administrative supervision of health maintenance organizations. §
Subd. 3.Consent.
“Consent” means agreement to administrative supervision by the insurer. §
Subd. 4.Department.
“Department” means the Department of Commerce, except that “department” means the Department of Health for administrative supervision of health maintenance organizations. §
Subd. 5.Insurer.
“Insurer” means and includes every person engaged as indemnitor, surety, or contractor in the business of entering into contracts of insurance or of annuities as limited to:
(1) any insurer who is doing an insurer business, or has transacted insurance in this state, and against whom claims arising from that transaction may exist now or in the future;
(2) any fraternal benefit society which is subject to chapter 64B;
(3) nonprofit health service plan corporations subject to chapter 62C;
(4) cooperative life and casualty companies subject to sections 61A.39 to 61A.52; and
(5) health maintenance organizations regulated under chapter 62D.
History:
1991 c 325 art 2 s 1; 1992 c 464 art 1 s 9; 1995 c 234 art 1 s 3-5; 1997 c 225 art 2 s 62
History: History: 1991 c 325 art 2 s 1; 1992 c 464 art 1 s 9; 1995 c 234 art 1 s 3-5; 1997 c 225 art 2 s 62