Subdivision 1. Qualified risks. A township mutual fire insurance company may issue an insurance policy for qualified and secondary property as defined in section 67A.14, subdivision 1, in combination with a policy issued by an insurer authorized to sell property and casualty insurance in this state. The portions of the combination policy issued by a township mutual insurance company, including those that insure dwellings, whether or not owner occupied, are excluded from all provisions of the insurance laws of this state as provided in section 67A.25, subdivision 2.
Subd. 2. Homeowner's risks. A township mutual fire insurance company may market and issue policies known as "homeowner's insurance" as defined in section 65A.27, subdivision 4, only in combination with a policy issued by an insurer authorized to sell property and casualty insurance in this state. All portions of the combination policy providing homeowner's insurance, including those issued by a township mutual insurance company, are subject to the provisions of chapter 65A and sections 72A.20 and 72A.201.
1994 c 564 s 1; 1998 c 297 s 1; 2004 c 202 s 2; 2009 c 178 art 1 s 39; 2012 c 162 s 1
Structure Minnesota Statutes
Chapters 59A - 79A — Insurance
Chapter 67A — Township Mutual Companies
Section 67A.01 — Number Of Members Required, Property And Territory.
Section 67A.02 — Certificate Of Incorporation.
Section 67A.03 — Corporate Existence.
Section 67A.04 — Amendments To Certificate Of Incorporation.
Section 67A.06 — Powers Of Corporation.
Section 67A.07 — Principal Office.
Section 67A.08 — Board Of Directors.
Section 67A.10 — Rights Of Certain Members.
Section 67A.11 — Annual Meeting.
Section 67A.12 — Applications.
Section 67A.13 — Types Of Insurance Authorized.
Section 67A.14 — Insurable Property.
Section 67A.15 — Classification Of Property.
Section 67A.161 — Appraisal Of Disputed Losses.
Section 67A.175 — Surplus Requirements.
Section 67A.191 — Combination Policies.
Section 67A.21 — Consolidation, Merger.
Section 67A.231 — Deposit Of Funds; Investment; Limitations.
Section 67A.241 — Record Keeping; Examination; Remedies.
Section 67A.25 — Reference To Laws 1909, Chapter 411.
Section 67A.40 — Organization And Powers.
Section 67A.41 — Premiums And Assessments.
Section 67A.42 — Withdrawal By Members.