Minn. Stat. § 61B.21
Minnesota Life and Health Insurance Guaranty Association
Minnesota · Minnesota Statutes Chapter 61B — Life and Health Guaranty Association · Status: effective
Cite this
- Citation
- Minn. Stat. § 61B.21, Minnesota Life and Health Insurance Guaranty Association, Minnesota, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1697007
- Permanent ID
ys:prov:1697007@1- SHA-256
04c57d5e75aaac6f3c412678c08e1a1f581a25d83b3cea429dac6813fbf10c82
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Subdivision 1. Functions.
The Minnesota Life and Health Insurance Guaranty Association shall perform its functions under the plan of operation established and approved under section 61B.25, and shall exercise its powers through a board of directors. The association is not a state agency for purposes of chapter 16A, 16B, 16C, or 43A. For purposes of administration and assessment, the association shall establish and maintain two accounts:
(1) the life insurance and annuity account which includes the following subaccounts:
(i) the life insurance account;
(ii) the annuity account; and
(iii) the unallocated annuity account; and
(2) the health account.
Subd. 2. Supervision by commissioner of commerce.
The association is under the immediate supervision of the commissioner and is subject to the applicable provisions of the insurance laws of this state.