Member companies of any such association shall each year pay to the treasurer thereof such assessments as shall be fixed or authorized by the board of directors of the association, which assessments shall be based upon the amount of insurance of each of its member companies during the calendar year ending December 31st next preceding. The individual members of the member companies shall be subject to assessment in case the funds of the member companies are insufficient to pay any assessment made by the association to the same extent and in the same manner as though the assessment by the association were to cover a loss for which the member company was liable.
1967 c 395 art 8 s 41
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.