Minnesota Statutes 62A.23 – Group Disability Income Coverage; Termination Without Prejudice; Definitions
Current as of: 2023 | Check for updates
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Subdivision 1.Scope.
For the purposes of this section and section 62A.24, the terms defined in this section have the meanings given them in this section.
Subd. 2.Employer.
Terms Used In Minnesota Statutes 62A.23
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
Terms Used In Minnesota Statutes 62A.23
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
“Employer” means any natural person, company, corporation, partnership, association, firm or franchise which employs any employee.
Subd. 3.Insurer.
“Insurer” means any person, company, corporation, including a nonprofit corporation, partnership, association, firm or franchise which underwrites or is by contract or other agreement obligated to provide group disability income insurance benefits to any group of employees of any employer.