Minnesota Session Laws - 2001, Regular Session

                            CHAPTER 124-S.F.No. 1264 
                  An act relating to insurance; no-fault auto; 
                  regulating income loss benefits to senior citizens; 
                  amending Minnesota Statutes 2000, section 65B.491. 
        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
           Section 1.  Minnesota Statutes 2000, section 65B.491, is 
        amended to read: 
           65B.491 [SENIOR CITIZENS.] 
           After August 1, 1987, no A plan of reparation security 
        issued to or renewed with a person who has attained the age of 
        65 years may must provide coverage for wage disability and 
        income loss reimbursement that benefits under section 65B.44, 
        subdivision 3, unless the insured will not reasonably be 
        expected to be able to receive.  It is the responsibility of the 
        person issuing or renewing the plan to inquire as to the 
        applicability of this section elects not to have this coverage.  
        An election by the insured not to have this coverage remains in 
        effect until revoked by the insured.  The reparation obligor 
        shall notify a person of the person's rights under this section 
        at the time of the sale or the first renewal of the policy after 
        the insured has attained the age of 65 years, and at least 
        annually after that.  The rate for any plan for which coverage 
        has been excluded or reduced pursuant to this section must be 
        reduced accordingly.  This section does apply to self-insurance. 
           Sec. 2.  [REVISOR INSTRUCTION.] 
           The revisor of statutes shall recode Minnesota Statutes, 
        section 65B.491, as section 65B.44, subdivision 3a. 
           Presented to the governor May 16, 2001 
           Signed by the governor May 18, 2001, 12:16 p.m.