Minn. R. agency 120, ch. 2750, SEPARATE ACCOUNTS, pt. 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.
Notes
Statutory Authority: MS s 61A.20
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