Chapter 60G — Notice to Comply With Written Requirements of Commissioner; Noncompliance; Administrative Supervision
Minnesota Statutes Chapter 60G — Notice to Comply With Written Requirements of Commissioner; Noncompliance; Administrative Supervision
60G.01
Definitions
This section defines key terms used in the insurance supervision chapter. It explains what 'commissioner,' 'consent,' …
60G.02
Notice to Comply With Written Requirements of Commissioner; Noncompliance; Administrative Supervision
This section explains when the commissioner can place an insurance company under administrative supervision. Reasons …
60G.03
Confidentiality of Certain Proceedings and Records
This section makes supervision proceedings and related records confidential. The commissioner can share information with …
60G.04
Prohibited Acts During Period of Supervision
This section lists actions an insurance company cannot take without the commissioner's approval while under supervision. …
60G.05
Review and Stay of Action
This section allows an insurance company under supervision to challenge the commissioner's actions through an …
60G.06
Administrative Election of Proceedings
This section allows the commissioner to take an insurance company to court for rehabilitation or liquidation even if the …
60G.07
Rules
This section gives the commissioner the power to create rules needed to enforce the insurance supervision law.
60G.08
Immunity
This section protects the commissioner, the department, and their employees from lawsuits based on actions taken during …
60G.09
Application
This section says the supervision law applies to insurance companies based in Minnesota and to out-of-state insurers …
60G.20
Standards
This section lists the financial warning signs the commissioner looks for when deciding if an insurance company is in …
60G.21
Commissioner's Order
This section lists the orders the commissioner can issue when an insurance company is found to be financially hazardous. …
60G.22
Judicial Review
This section gives any party whose interests are substantially affected by the commissioner's order the right to seek …