The association has authority to indemnify certain persons against certain expenses and liabilities as provided in section 302A.521, including the power to purchase and maintain insurance on behalf of these persons as provided by section 302A.521, subdivision 7. In applying section 302A.521 for this purpose, the term "member insurers" shall be substituted for the terms "shareholders" and "stockholders" and the term "association" shall be substituted for the term "corporation."
1993 c 319 s 16; 2005 c 69 art 3 s 13
Structure Minnesota Statutes
Chapters 59A - 79A — Insurance
Chapter 61B — Life And Health Guaranty Association
Section 61B.19 — Purpose; Scope; Limitation Of Coverage; Limitation Of Benefits; Construction.
Section 61B.21 — Minnesota Life And Health Insurance Guaranty Association.
Section 61B.22 — Board Of Directors.
Section 61B.23 — Powers And Duties Of Association.
Section 61B.25 — Plan Of Operation.
Section 61B.26 — Duties And Powers Of Commissioner.
Section 61B.27 — Prevention Of Insolvencies.
Section 61B.28 — Miscellaneous Provisions.
Section 61B.29 — Examination; Annual Report.
Section 61B.30 — Tax Exemptions.
Section 61B.31 — Indemnification.
Section 61B.32 — Stay Of Proceedings; Reopening Default Judgments.