Minn. Stat. § 61A.19
This is the official text of Minn. Stat. § 61A.19, part of Minnesota’s Stat — part of the compiled statutory law of Minnesota, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 61A.19 COMPANY REQUIREMENTS.
Official statutory text
No company shall deliver or issue for delivery within this state contracts on a variable basis unless it is licensed or organized to do a life insurance or annuity business in this state, and the commissioner is satisfied that its condition or method of operation in connection with the issuance of such contracts will not render its operation hazardous to the public or its policyholders in this state. In this connection, the commissioner shall consider among other things:
(a) the history and financial condition of the company;
(b) the character, responsibility and fitness of the officers and directors of the company; and
(c) the law and regulation under which the company is authorized in the state of domicile to issue such contracts. The state of entry of an alien company shall be deemed to be state of domicile for this purpose.
(a) the history and financial condition of the company;
(b) the character, responsibility and fitness of the officers and directors of the company; and
(c) the law and regulation under which the company is authorized in the state of domicile to issue such contracts. The state of entry of an alien company shall be deemed to be state of domicile for this purpose.
Status: in_force · Read it on the official government site
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