66A.27 LIMITATION ON EXPENSES.
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/mn/chapter-66/66a-27A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
66A.27 LIMITATION ON EXPENSES.
No such company shall incur, lay out, or expend, in any one calendar year, as and for the expenses of conducting this business, more than its application or survey fees and 40 percent of its total premiums or assessments actually collected. No company shall be required to limit its annual expenses to less than $1,000.