Minnesota § 222.60 - MAXIMUM AMOUNT OF INSURANCE ISSUED
Full text of Minnesota Minnesota Statutes § 222.60 — MAXIMUM AMOUNT OF INSURANCE ISSUED, with citation guidance and answers to common questions.
§ 222.60. MAXIMUM AMOUNT OF INSURANCE ISSUED
Subdivision 1.Related to account balance.
The commissioner shall not at any time issue insurance under section 222.58 aggregating in excess of an amount equal to the current balance contained in the account multiplied by ten.
Subd. 2.When account balance falls.
Any insurance properly issued under the provisions of subdivision 1 and otherwise in compliance with the requirements of sections 222.55 to 222.62 shall be valid if the current balance contained in the account subsequently falls below the amount specified in subdivision 1.
History:
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 222.60
What does Minnesota Statutes § 222.60 cover?
Section 222.60 ("MAXIMUM AMOUNT OF INSURANCE ISSUED") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 222.60?
A common citation format is "Minnesota Statutes § 222.60" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 222.60 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.