Minnesota § 60L.10 PROHIBITED INVESTMENTS

Minnesota Statutes

§ 60L.10 — PROHIBITED INVESTMENTS

Minnesota § 60L.10

PartINSURANCE

Ch. 60LINVESTMENTS OF INSURERS

This text of Minnesota § 60L.10 (PROHIBITED INVESTMENTS) 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. § 60L.10 (2026).

Text

Subdivision 1.Prohibitions.
An insurer may not invest in investments that are prohibited for an insurer by law. The use of a derivative instrument for any purposes other than hedging, income generation, or replication is prohibited.

Subd. 2.Disposal of prohibited asset.
A reasonable time, not to exceed five years, must be allowed for disposal of a prohibited investment in hardship cases if the investment is demonstrated by the insurer to have been legal when made, or the result of a mistake made in good faith, or if the commissioner determines that the sale of the asset would be contrary to the interests of insureds, creditors, or the general public.

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Subdivision 1.Prohibitions.
An insurer may not invest in investments that are prohibited for an insurer by law. The use of a derivative instrument for any purposes other than hedging, income generation, or replication is prohibited.

Subd. 2.Disposal of prohibited asset.
A reasonable time, not to exceed five years, must be allowed for disposal of a prohibited investment in hardship cases if the investment is demonstrated by the insurer to have been legal when made, or the result of a mistake made in good faith, or if the commissioner determines that the sale of the asset would be contrary to the interests of insureds, creditors, or the general public.