Minnesota Administrative Rules
Agency 120 - Commerce Department
Chapter 2780 - WORKERS' COMPENSATION SELF-INSURANCE
GROUP SELF-INSURER'S FUND
Part 2780.4500 - INVESTMENTS
Current through Register Vol. 49, No. 13, September 23, 2024
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; or
E. 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
