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Marginalia
Code · Minnesota · Chapter 67

67A.20 REINSURANCE.

128 words·~1 min read·/mn/chapter-67/67a-20

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67A.20 REINSURANCE.
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Subdivision 1. Among themselves.
Township mutual fire insurance companies may enter into reinsurance agreements with other township mutual fire insurance companies and reinsure a portion of any risk with these companies. In these cases they shall not be confined to the territory in which they are writing direct business.
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Subd. 2. With reinsurance association.
Any township mutual fire insurance company may become a member of a reinsurance association, such as provided for under sections 67A.40 to 67A.44 , for the purpose of reinsuring any part or all of any risk or risks written by it.
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Subd. 3. With licensed insurers.
Township mutual fire insurance companies may enter into reinsurance agreements with any Minnesota licensed insurer authorized to write the same lines of business.
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