Minnesota § 61B.31 INDEMNIFICATION

Minnesota Statutes

§ 61B.31 — INDEMNIFICATION

Minnesota § 61B.31

PartINSURANCE

Ch. 61BLIFE AND HEALTH GUARANTY ASSOCIATION

This text of Minnesota § 61B.31 (INDEMNIFICATION) 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. § 61B.31 (2026).

Text

The association has authority to indemnify certain persons against certain expenses and liabilities as provided in section302A.521, including the power to purchase and maintain insurance on behalf of these persons as provided by section302A.521, subdivision 7. In applying section302A.521for this purpose, the term "member insurers" shall be substituted for the terms "shareholders" and "stockholders" and the term "association" shall be substituted for the term "corporation."

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The association has authority to indemnify certain persons against certain expenses and liabilities as provided in section302A.521, including the power to purchase and maintain insurance on behalf of these persons as provided by section302A.521, subdivision 7. In applying section302A.521for this purpose, the term "member insurers" shall be substituted for the terms "shareholders" and "stockholders" and the term "association" shall be substituted for the term "corporation."