60A.12 ASSETS AND LIABILITIES.
145 words·~1 min read·
/mn/chapter-60/60a-12A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
60A.12 ASSETS AND LIABILITIES.
§
Subdivision 1.
[Repealed, 2000 c 350 s 16 ]
§
Subd. 2.
[Repealed, 1991 c 325 art 8 s 18 ]
§
Subd. 3.
[Repealed, 2000 c 350 s 16 ]
§
Subd. 4.
[Repealed, 2000 c 350 s 16 ]
§
Subd. 5. Loss reserves.
When, in the judgment of the commissioner, the loss reserves, calculated in accordance with statutory accounting practices as set forth in the National Association of Insurance Commissioners' accounting practices and procedures manual are inadequate, the commissioner may require the corporation to maintain additional reserves.
§
Subd. 6.
[Repealed, 1978 c 465 s 15 ]
§
Subd. 7.
[Repealed, 2000 c 350 s 16 ]
§
Subd. 8.
[Repealed, 2000 c 350 s 16 ]
§
Subd. 9.
[Repealed, 2000 c 350 s 16 ]
§
Subd. 10.
[Repealed, 1993 c 299 s 33 ]