Current through Register Vol. 48, No. 51, June 17, 2024
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.Statutory Authority: MS s 176.181