Minn. Stat. § 66A.27
This is the official text of Minn. Stat. § 66A.27, 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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§ 66A.27 LIMITATION ON EXPENSES.
Official statutory text
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.
Status: in_force · Read it on the official government site
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