2002 Minnesota Statutes

     62S.14 Renewability. 

    Subdivision 1.    Guaranteed renewable.  A qualified 
 long-term care insurance policy must be guaranteed renewable. 

    Subd. 2.    Terms.  The terms "guaranteed renewable" and 
 "noncancelable" may not be used in an individual long-term care 
 insurance policy without further explanatory language that 
 complies with the disclosure requirements of section 62S.20. 

    Subd. 3.    Authorized renewal provisions.  A policy 
 issued to an individual may not contain renewal provisions other 
 than guaranteed renewable or noncancelable. 

    HIST: 1997 c 71 art 1 s 14