Minnesota § 318.04 CERTIFICATE OF AUTHORITY TO TRANSACT THE BUSINESS OF INSURANCE

Minnesota Statutes

§ 318.04 — CERTIFICATE OF AUTHORITY TO TRANSACT THE BUSINESS OF INSURANCE

Minnesota § 318.04

PartBUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS

Ch. 318DECLARATION OF TRUST

This text of Minnesota § 318.04 (CERTIFICATE OF AUTHORITY TO TRANSACT THE BUSINESS OF INSURANCE) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 318.04 (2026).

Text

Any such association permitted by section318.01to organize to transact in this state the kind of business of insurance permitted by section318.01shall set out in its "declaration of trust" the kind of business of insurance that it shall transact in this state; and before filing with the secretary of state the copy of the "declaration of trust" and any amendments thereto pursuant to section318.02there shall be endorsed upon the "declaration of trust" and any amendments thereto the approval of the commissioner of commerce; and it shall be subject to the same insurance laws of this state and rules of the commissioner of commerce that an insurance corporation transacting the same kind of business of insurance is subject to except as otherwise provided by law; and it shall obtain from the commi

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Any such association permitted by section318.01to organize to transact in this state the kind of business of insurance permitted by section318.01shall set out in its "declaration of trust" the kind of business of insurance that it shall transact in this state; and before filing with the secretary of state the copy of the "declaration of trust" and any amendments thereto pursuant to section318.02there shall be endorsed upon the "declaration of trust" and any amendments thereto the approval of the commissioner of commerce; and it shall be subject to the same insurance laws of this state and rules of the commissioner of commerce that an insurance corporation transacting the same kind of business of insurance is subject to except as otherwise provided by law; and it shall obtain from the commissioner of commerce a certificate of authority as an insurer which certificate of authority shall be issued by the commissioner of commerce upon compliance with all the applicable insurance laws of this state and rules of the commissioner of commerce.