SF 3670

Introduction - 84th Legislature (2005 - 2006)

Posted on 12/15/2009 12:00 a.m.

A bill for an act
relating to commerce; eliminating a limiting date for application of a premium
rate increase regulation for long-term care insurance; amending Minnesota
Statutes 2004, section 62S.265, subdivision 1.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2004, section 62S.265, subdivision 1, is amended to read:

Subdivision 1.

Applicability.

deleted text begin (a) Except as provided in paragraph (b), deleted text end This section
applies to any long-term care policy or certificate issued in this state deleted text begin on or after January
1, 2002, deleted text end under this chapter or sections 62A.46 to 62A.56.

deleted text begin (b) For certificates issued on or after July 1, 2001, under a group long-term care
insurance policy as defined in section 62S.01, subdivision 15, issued under this chapter,
that was in force on July 1, 2001, this section applies on the policy anniversary following
June 30, 2002. deleted text end

Sec. 2. new text begin EFFECTIVE DATE.
new text end

new text begin This act is effective the day following final enactment.
new text end