Minnesota Statutes 341.34 – Insurance
Current as of: 2023 | Check for updates
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Subdivision 1.Required insurance.
The commissioner shall:
(1) require insurance coverage for a combatant to provide for medical, surgical, and hospital care for injuries sustained in the ring in an amount of at least $10,000 and payable to the combatant as beneficiary; and
(2) require life insurance for a combatant in the amount of at least $10,000 payable in case of accidental death resulting from injuries sustained in the ring.
Subd. 2.Payment for insurance.
The cost of the insurance required by this section is payable by the promoter.
Terms Used In Minnesota Statutes 341.34
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC