Minnesota § 60D.25 RECEIVERSHIP

Minnesota Statutes

§ 60D.25 — RECEIVERSHIP

Minnesota § 60D.25

PartINSURANCE

Ch. 60DINSURANCE HOLDING COMPANY SYSTEMS

This text of Minnesota § 60D.25 (RECEIVERSHIP) 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. § 60D.25 (2026).

Text

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.

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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.