as introduced - 89th Legislature (2015 - 2016) Posted on 05/13/2015 08:49am
A bill for an act
relating to insurance; regulating long-term disability policies; prohibiting
standard of review provisions; proposing coding for new law in Minnesota
Statutes, chapter 60A.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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No long-term disability insurance policy may specify a standard of review upon
which a court may review denial of a claim or of any other decision made by an insurance
company with respect to an enrollee. This section prohibits limiting court review to a
determination of whether the insurance company's decision is arbitrary and capricious,
an abuse of discretion, or any other standard less favorable to the enrollee than a
preponderance of the evidence.
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This section is effective January 1, 2016, and applies to
policies issued or renewed on or after that date.
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