HF 2507

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to insurance; automobile; reducing the age 
  1.3             threshold at which retirees may decline wage loss 
  1.4             reimbursement coverage; amending Minnesota Statutes 
  1.5             1998, section 65B.491. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1998, section 65B.491, is 
  1.8   amended to read: 
  1.9      65B.491 [SENIOR CITIZENS.] 
  1.10     After August 1, 1987, No plan of reparation security issued 
  1.11  to or renewed with a person who has attained the age of 65 55 
  1.12  years may provide coverage for wage loss reimbursement that the 
  1.13  insured will not reasonably be expected to be able to receive.  
  1.14  It is the responsibility of the person issuing or renewing the 
  1.15  plan to inquire as to the applicability of this section.  The 
  1.16  rate for any plan for which coverage has been excluded or 
  1.17  reduced pursuant to this section must be reduced accordingly.  
  1.18  This section does apply to self-insurance. 
  1.19     Sec. 2.  [EFFECTIVE DATE.] 
  1.20     Section 1 is effective January 1, 2001.