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Capital IconMinnesota Legislature

Legislative Session number- 82

Bill Name: SF1542

Modifying certain provisions regulating credit insurance; authorizing the
subjection of debtors failing to maintain continuous credit accident and health
insurance coverage to a one time preexisting condition limit, limits,
prohibiting preexisting condition limits or exclusions for debtors maintaining
continuous coverage, excepting unexpired portions of limits under prior
insurance; providing for the determination of suitability of credit insurance
offered to creditors; removing a certain exception to the requirement for
creditors to refund unearned premiums upon prepayment in full; providing for
commissioner of commerce disapproval of schedules of premium rates; modifying
the procedure for commissioner withdrawal of approval of premium rate forms or
schedules (ra)