Minnesota Statutes
Chapter 60A — General Insurance Powers
Section 60A.9858 — Exclusivity.

Notwithstanding any other provision of law, sections 60A.985 to 60A.9857 establish the exclusive state standards applicable to licensees for data security, the investigation of a cybersecurity event, and notification of a cybersecurity event.
1Sp2021 c 4 art 3 s 13

Structure Minnesota Statutes

Minnesota Statutes

Chapters 59A - 79A — Insurance

Chapter 60A — General Insurance Powers

Section 60A.01 — Scope.

Section 60A.02 — Definitions.

Section 60A.03 — Commissioner Of Commerce.

Section 60A.031 — Examinations.

Section 60A.032 — Commissioner's Orders, Report.

Section 60A.033 — Scheduling Conference And Order.

Section 60A.035 — Government Controlled Or Owned Company Prohibited From Transacting Business.

Section 60A.052 — Certificates Of Authority; Enforcement Actions.

Section 60A.06 — Kinds Of Insurance Permitted.

Section 60A.07 — Authorization And Requirements.

Section 60A.078 — Short Title.

Section 60A.0782 — Definitions.

Section 60A.0783 — Insurable Interest Required.

Section 60A.0784 — Prohibited Practices.

Section 60A.0785 — Prohibition; Entry Into Settlement Contracts.

Section 60A.0786 — Presumption Of Stoli Practices.

Section 60A.0787 — Processing Change Of Ownership Or Beneficiary Requests.

Section 60A.0788 — Fraudulent Acts.

Section 60A.0789 — Remedies.

Section 60A.08 — Contracts Of Insurance.

Section 60A.081 — Aircraft Insurance.

Section 60A.0811 — Breach Of Insurance Policy; Recovery Of Interest.

Section 60A.082 — Group Insurance; Benefits Continued If Insurer Changed.

Section 60A.084 — Notification On Group Policies.

Section 60A.085 — Cancellation Of Group Coverage; Notification To Covered Persons.

Section 60A.086 — Retroactive Termination Of Coverage Under Group Policies Prohibited.

Section 60A.09 — Limits Of Risk; Reinsurance.

Section 60A.091 — Definition; Qualified United States Financial Institution.

Section 60A.092 — Reinsurance Credit Allowed A Domestic Ceding Insurer.

Section 60A.0921 — Credit For Reinsurance; Certified Reinsurers.

Section 60A.093 — Reduction From Liability For Reinsurance Ceded By A Domestic Insurer; Collateral Requirements.

Section 60A.094 — Rules.

Section 60A.095 — Reinsurance Agreements Affected.

Section 60A.096 — Qualifying Letter Of Credit.

Section 60A.097 — Qualifying Trust Agreements.

Section 60A.10 — Deposits For Protection Of Policyholders.

Section 60A.11 — Investments Permitted For Domestic Companies.

Section 60A.112 — Investment Policy Required.

Section 60A.12 — Assets And Liabilities.

Section 60A.121 — Valuations; Definitions.

Section 60A.122 — Required Written Procedures For Valuations.

Section 60A.123 — Valuation Procedure.

Section 60A.124 — Independent Audit.

Section 60A.125 — Appraisal By Independent Appraiser.

Section 60A.126 — Reports To Board; Valuations.

Section 60A.127 — Independent Appraisals Of Certain Properties.

Section 60A.1285 — Other Impairments.

Section 60A.1291 — Annual Audit.

Section 60A.1295 — Actuarial Opinion Of Reserves And Supporting Documentation.

Section 60A.1296 — Confidentiality.

Section 60A.13 — Annual Statement, Inquiries, Renewal Licenses.

Section 60A.131 — Other Business And Insurance Interests, Disclosure.

Section 60A.135 — Report; Certain Transactions.

Section 60A.136 — Acquisitions And Dispositions Of Assets.

Section 60A.137 — Nonrenewals, Cancellations, Or Revisions Of Ceded Reinsurance Agreements.

Section 60A.139 — Electronic Notices And Documents.

Section 60A.1391 — Corporate Governance Annual Disclosure.

Section 60A.14 — Fees.

Section 60A.16 — Mergers And Consolidations.

Section 60A.161 — Insurer Domestication And Conversion.

Section 60A.171 — Rehabilitation And Cancellation Of Independent Agent Contracts By Insurance Companies.

Section 60A.172 — Insurance Agency Contracts; Cancellation.

Section 60A.173 — Effective Date.

Section 60A.174 — Severability.

Section 60A.175 — Agent Commissions.

Section 60A.1755 — Agent Errors And Omissions Insurance; Choice Of Source.

Section 60A.176 — Definitions.

Section 60A.177 — Involuntary Termination Of An Agent By The Insurer.

Section 60A.178 — Life Or Health Insurance Sales Quotas.

Section 60A.179 — Life Or Health Insurance Sales Quotas For Exclusive Agents.

Section 60A.19 — Foreign Companies.

Section 60A.195 — Citation.

Section 60A.196 — Definitions.

Section 60A.197 — Rates And Forms.

Section 60A.198 — Transaction Of Nonadmitted Insurance.

Section 60A.199 — Examinations.

Section 60A.201 — Placement Of Insurance By Broker.

Section 60A.202 — Evidence Of Placement Of Insurance By Broker.

Section 60A.203 — Retention Of Records.

Section 60A.204 — Fees And Commissions.

Section 60A.205 — Compensation.

Section 60A.206 — Qualification As Eligible Surplus Lines Insurer.

Section 60A.207 — Policies To Include Notice.

Section 60A.208 — Broker Association.

Section 60A.2085 — Surplus Lines Association Of Minnesota.

Section 60A.2086 — Licensee's Duty To Submit Documents; Penalty.

Section 60A.209 — Insurance Procured From Ineligible Insurers.

Section 60A.2095 — Construction.

Section 60A.21 — Unauthorized Insurers Process Act.

Section 60A.22 — Special Provisions As To Stock Companies; Stockholders, Officers, Directors And Investors.

Section 60A.23 — Miscellaneous.

Section 60A.235 — Standards For Determining Whether Contracts Are Health Plan Contracts Or Stop Loss Contracts.

Section 60A.236 — Stop Loss Regulation; Small Employer Coverage.

Section 60A.24 — Exemptions From Insurance Laws Of This State.

Section 60A.25 — Insolvent Companies.

Section 60A.26 — Suspension Of Insurers; Notifications And Reports.

Section 60A.27 — Discipline Of Insurer By Another State; Notice To Commissioner.

Section 60A.28 — Documents Filed With Commissioner, Verification.

Section 60A.29 — Nonprofit Risk Indemnification Trust Act.

Section 60A.315 — Expedited Form And Rate Filing.

Section 60A.32 — Rate Filing For Crop Hail Insurance.

Section 60A.35 — Scope.

Section 60A.351 — Renewal Of Insurance Policy With Altered Rates.

Section 60A.352 — Workers' Compensation Insurance.

Section 60A.36 — Midterm Cancellation.

Section 60A.37 — Nonrenewal.

Section 60A.38 — Interpretation And Penalties.

Section 60A.39 — Certificates Of Insurance.

Section 60A.41 — Subrogation Against Insureds Prohibited.

Section 60A.42 — Disability Income Coverage; Prohibited Provision.

Section 60A.50 — Definitions.

Section 60A.51 — Rbc Reports.

Section 60A.52 — Company Action Level Event.

Section 60A.53 — Regulatory Action Level Event.

Section 60A.54 — Authorized Control Level Event.

Section 60A.55 — Mandatory Control Level Event.

Section 60A.56 — Hearings.

Section 60A.57 — Access To And Use Of Rbc Information.

Section 60A.58 — Supplemental Provisions.

Section 60A.59 — Foreign Health Organizations.

Section 60A.591 — Immunity.

Section 60A.592 — Notices.

Section 60A.60 — Definitions.

Section 60A.61 — Risk-based Capital Reports.

Section 60A.62 — Company Action Level Event.

Section 60A.63 — Regulatory Action Level Event.

Section 60A.64 — Authorized Control Level Event.

Section 60A.65 — Mandatory Control Level Event.

Section 60A.66 — Hearings.

Section 60A.67 — Confidentiality.

Section 60A.68 — Supplemental Provisions; Rules; Exemption.

Section 60A.69 — Foreign Insurers.

Section 60A.695 — Immunity.

Section 60A.696 — Notices.

Section 60A.70 — Title.

Section 60A.705 — Definitions.

Section 60A.71 — Licensure.

Section 60A.715 — Required Contract Provisions; Reinsurance Intermediary-brokers.

Section 60A.72 — Books And Records; Reinsurance Intermediary-brokers.

Section 60A.725 — Duties Of Insurers Utilizing The Services Of A Reinsurance Intermediary-broker.

Section 60A.73 — Required Contract Provisions; Reinsurance Intermediary-managers.

Section 60A.735 — Prohibited Acts.

Section 60A.74 — Duties Of Reinsurer Utilizing The Services Of A Reinsurance Intermediary-manager.

Section 60A.745 — Examination Authority; Reinsurance Intermediary - Broker.

Section 60A.75 — Violations.

Section 60A.755 — Scope.

Section 60A.756 — Rules.

Section 60A.76 — Purpose And Scope.

Section 60A.761 — Glossary Of Technical Terms Used.

Section 60A.762 — Categories Of Reserves.

Section 60A.763 — Claim Reserves.

Section 60A.764 — Premium Reserves.

Section 60A.765 — Contract Reserves Required.

Section 60A.766 — Minimum Standards For Contract Reserves.

Section 60A.767 — Reinsurance.

Section 60A.768 — Specific Standards For Morbidity, Interest, And Mortality.

Section 60A.803 — Life And Health Reinsurance Agreements.

Section 60A.90 — Scope.

Section 60A.91 — Filing Requirements.

Section 60A.92 — Immunity.

Section 60A.93 — Confidentiality.

Section 60A.94 — Revocation Of Certificate Of Authority.

Section 60A.951 — Definitions.

Section 60A.952 — Disclosure Of Information.

Section 60A.953 — Enforcement; Refusal To Cooperate With An Investigation.

Section 60A.954 — Insurance Antifraud Plan.

Section 60A.955 — Claim Forms To Contain Fraud Warning.

Section 60A.956 — Other Law Enforcement Authority.

Section 60A.957 — Definitions.

Section 60A.9572 — License And Bond Requirements.

Section 60A.9573 — License Revocation And Denial.

Section 60A.9574 — Approval Of Viatical Settlement Contracts And Disclosure Statements.

Section 60A.9575 — Reporting Requirements And Privacy.

Section 60A.9577 — Disclosure To Viator.

Section 60A.9579 — General Rules.

Section 60A.9581 — Prohibited Practices And Conflicts Of Interest.

Section 60A.9582 — Advertising For Viatical Settlements And Viatical Settlements Purchase Agreements.

Section 60A.9583 — Fraud Prevention And Control.

Section 60A.9585 — Unfair Trade Practice.

Section 60A.964 — Fees.

Section 60A.975 — Definitions.

Section 60A.976 — Annuity Issuers Financial Requirements.

Section 60A.985 — Definitions.

Section 60A.9851 — Information Security Program.

Section 60A.9852 — Investigation Of A Cybersecurity Event.

Section 60A.9853 — Notification Of A Cybersecurity Event.

Section 60A.9854 — Power Of Commissioner.

Section 60A.9855 — Confidentiality.

Section 60A.9856 — Exceptions.

Section 60A.9857 — Penalties.

Section 60A.9858 — Exclusivity.

Section 60A.99 — Interstate Insurance Product Regulation Compact.

Section 60A.991 — Interstate Insurance Product Regulation Compact Opt Out Administration.