Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
59B.07 PROHIBITED ACTS.
Subdivision 1. Deceptive names. A provider shall not use in its name the words insurance,
casualty, surety, mutual, or any other words descriptive of the insurance, casualty, or surety
business; or a name deceptively similar to the name or description of any insurance or surety
corporation, or to the name of any other provider. The word "guaranty" or similar word may be
used by a provider. This section does not apply to a company that was using any of the prohibited
language in its name before January 1, 2006. However, a company using the prohibited language
in its name shall include in its service contracts a statement in substantially the following form:
"This agreement is not an insurance contract."
Subd. 2. False or misleading statements. A provider or its representative shall not in its
service contracts, literature, or otherwise make, permit, or cause to be made any false or misleading
statement or omit any material statement that would be considered misleading if omitted.
Subd. 3. Required purchase. A person, such as a bank, savings association, lending
institution, manufacturer, or seller of any product shall not require the purchase of a service
contract as a condition of a loan or a condition for the sale of any property.
History: 1Sp2005 c 1 art 5 s 7
Subdivision 1. Deceptive names. A provider shall not use in its name the words insurance,
casualty, surety, mutual, or any other words descriptive of the insurance, casualty, or surety
business; or a name deceptively similar to the name or description of any insurance or surety
corporation, or to the name of any other provider. The word "guaranty" or similar word may be
used by a provider. This section does not apply to a company that was using any of the prohibited
language in its name before January 1, 2006. However, a company using the prohibited language
in its name shall include in its service contracts a statement in substantially the following form:
"This agreement is not an insurance contract."
Subd. 2. False or misleading statements. A provider or its representative shall not in its
service contracts, literature, or otherwise make, permit, or cause to be made any false or misleading
statement or omit any material statement that would be considered misleading if omitted.
Subd. 3. Required purchase. A person, such as a bank, savings association, lending
institution, manufacturer, or seller of any product shall not require the purchase of a service
contract as a condition of a loan or a condition for the sale of any property.
History: 1Sp2005 c 1 art 5 s 7
Official Publication of the State of Minnesota
Revisor of Statutes