Minn. R. agency 120, ch. 2750, SEPARATE ACCOUNTS, pt. 2750.3100

Current through Register Vol. 49, No. 29, 2025

Part 2750.3100 - ESTABLISHMENT AND ADMINISTRATION OF SEPARATE ACCOUNTS

Any domestic insurer issuing variable life insurance shall establish and administer one or more separate accounts pursuant to Minnesota Statutes, section 61A.14:

A. All persons with access to the cash, securities, or other assets of the separate account shall be under bond in an amount not less than $3,000,000.

B. The assets of these separate accounts shall be valued at least as often as variable benefits are determined but in any event at least monthly.

Minn. R. agency 120, ch. 2750, SEPARATE ACCOUNTS, pt. 2750.3100

8 SR 1948

Statutory Authority: MS s 61A.20