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Minnesota Insurance (MN)

Minnesotans held 2.3 million life insurance policies valued at $200.8 billion as of 2001; total value for all categories of life insurance (ordinary, group, industrial, and credit) was $378.2 billion. Death benefits paid that year totaled $739.8 million. As of 2000 54, there were property and casualty and 18 life and health insurance companies incorporated or organized in the state. In 2001, property and casualty insurers wrote premiums totaling $6.5 billion. That year, there were 10,155 flood insurance policies in force in the state, with a total value of $1,187,884.

No-fault automobile insurance was enacted in 1974.