2001 Minnesota Statutes

     60K.18 Altering existing policies; written binders 
  required. 

    An insurance agent having express authority to bind 
 coverage, who orally agrees on behalf of an insurer to provide 
 insurance coverage, or to alter an existing insurance agreement, 
 shall execute and deliver a written memorandum or binder 
 containing the terms of the oral agreement to the insured within 
 three business days from the time the oral agreement is entered. 

    HIST: 1992 c 564 art 3 s 20 

*   NOTE:  This section is repealed by Laws 2001, chapter 117, article 
*1, section 28, effective July 1, 2002.  Laws 2001, chapter 117, article 
*1, section 29.