Part 2780.4500 - INVESTMENTS Cash assets of the self-insurer's fund may be invested as provided in Minnesota Statutes, section 60A.11 for a casualty insurance company, provided that investment in common stock, real estate, or indebtedness from any member company is prohibited. In addition, investment in the following is allowed:
A. savings accounts or certificates of deposit in a duly chartered commercial bank located within the state of Minnesota and insured through the Federal Deposit Insurance Corporation;B. share accounts or savings certificates in a duly chartered savings association located within the state of Minnesota and insured through the Federal Savings and Loan Insurance Corporation;C. direct obligations of the United States Treasury, such as notes, bonds, or bills;D. any bond or security issued by the state of Minnesota and backed by the full faith and credit of the state; orE. any credit union where the employees of the self-insurer are members, provided that such credit union is located in Minnesota, licensed by the state of Minnesota, and insured through the Federal Deposit Insurance Corporation.Minn. R. agency 120, ch. 2780, GROUP SELF-INSURER'S FUND, pt. 2780.4500
Statutory Authority: MS s 176.181