Chapter 61B — Minnesota Life and Health Insurance Guaranty Association Act

61B.01 This section of the Minnesota Life and Health Insurance Guaranty Association Act has been repealed. It was removed from … 61B.02 This section of the Minnesota Life and Health Insurance Guaranty Association Act has been repealed. It was removed from … 61B.03 This section of the Minnesota Life and Health Insurance Guaranty Association Act has been repealed. It was removed from … 61B.04 This section of the Minnesota Life and Health Insurance Guaranty Association Act has been repealed. It was removed from … 61B.05 This section of the Minnesota Life and Health Insurance Guaranty Association Act has been repealed. It was removed from … 61B.06 This section of the Minnesota Life and Health Insurance Guaranty Association Act has been repealed. It was removed from … 61B.07 This section of the Minnesota Life and Health Insurance Guaranty Association Act has been repealed. It was removed from … 61B.08 This section of the Minnesota Life and Health Insurance Guaranty Association Act has been repealed. It was removed from … 61B.09 This section of the Minnesota Life and Health Insurance Guaranty Association Act has been repealed. It was removed from … 61B.10 This section of the Minnesota Life and Health Insurance Guaranty Association Act has been repealed. It was removed from … 61B.11 This section of the Minnesota Life and Health Insurance Guaranty Association Act has been repealed. It was removed from … 61B.12 This section of the Minnesota Life and Health Insurance Guaranty Association Act has been repealed. It was removed from … 61B.13 This section of the Minnesota Life and Health Insurance Guaranty Association Act has been repealed. It was removed from … 61B.14 This section of the Minnesota Life and Health Insurance Guaranty Association Act has been repealed. It was removed from … 61B.15 This section of the Minnesota Life and Health Insurance Guaranty Association Act has been repealed. It was removed from … 61B.16 This section of the Minnesota Life and Health Insurance Guaranty Association Act has been repealed. It was removed from … 61B.18 Citation This section gives the official name to sections 61B.18 through 61B.32. Together, these sections are called the … 61B.19 Purpose; Scope; Limitation of Coverage; Limitation of Benefits; Construction This section explains the purpose and reach of the guaranty association. It protects Minnesota residents who have life, … 61B.20 Definitions This section defines key terms used in the guaranty association law. It explains what words like 'member insurer,' … 61B.21 Minnesota Life and Health Insurance Guaranty Association This section creates the Minnesota Life and Health Insurance Guaranty Association. The association operates under a plan … 61B.22 Board of Directors This section sets the rules for the guaranty association's board of directors. The board has nine members chosen from … 61B.23 Powers and Duties of Association This section describes what the guaranty association can and must do when an insurance company becomes impaired or … 61B.24 Assessments This section explains how the guaranty association collects money from member insurance companies through assessments. … 61B.25 Plan of Operation This section requires the guaranty association to have a plan of operation that ensures fair and reasonable management. … 61B.26 Duties and Powers of Commissioner This section describes the commissioner of commerce's role in overseeing the guaranty association. The commissioner must … 61B.27 Prevention of Insolvencies This section focuses on preventing insurance company failures. The commissioner must notify other states when a member … 61B.28 Miscellaneous Provisions This section covers several important rules for the guaranty association. Records about impaired or insolvent insurers … 61B.29 Examination; Annual Report This section requires the guaranty association to submit a yearly financial report and activity report to the … 61B.30 Tax Exemptions This section makes the guaranty association exempt from most Minnesota state taxes and fees, except for taxes on real … 61B.31 Indemnification This section gives the guaranty association the power to protect its directors, officers, and employees from personal … 61B.32 Stay of Proceedings; Reopening Default Judgments This section pauses all court cases involving an insolvent insurer for 60 days after a liquidation, rehabilitation, or … 61B.33 Rights and Obligations of Association This section says that the version of the guaranty association law in effect when the association first becomes …