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Chapter 576
Section 576.123
Topics
Recent History
- 2012 576.123 Amended 2012 c 143 art 3 s 34
This is an historical version of this statute chapter. Also view the most recent published version.
576.123 REAPPEARANCE OF ABSENTEE.
Subdivision 1. Insurance payments; reduction. If an absentee is declared dead after
advance insurance payments have been made pursuant to section 576.122, the amount payable
under the policy shall be reduced by the total amount of payments made under section 576.122.
Subd. 2. Reimbursement of insurer. If an absentee is found to be living after advance
insurance payments have been made to a beneficiary pursuant to section 576.122, the absentee
and beneficiary shall reimburse the insurer the amount of the payments made.
If the insurer is unable to obtain full reimbursement, the amount payable under the policy
shall be reduced to the extent necessary to allow full reimbursement. Failure of the absentee and
beneficiary to reimburse the insurer upon demand for payment sent by the insurer by certified
mail to the last known address of the absentee and beneficiary shall be sufficient to show the
insurer's inability to obtain reimbursement.
History: 1979 c 54 s 3
Subdivision 1. Insurance payments; reduction. If an absentee is declared dead after
advance insurance payments have been made pursuant to section 576.122, the amount payable
under the policy shall be reduced by the total amount of payments made under section 576.122.
Subd. 2. Reimbursement of insurer. If an absentee is found to be living after advance
insurance payments have been made to a beneficiary pursuant to section 576.122, the absentee
and beneficiary shall reimburse the insurer the amount of the payments made.
If the insurer is unable to obtain full reimbursement, the amount payable under the policy
shall be reduced to the extent necessary to allow full reimbursement. Failure of the absentee and
beneficiary to reimburse the insurer upon demand for payment sent by the insurer by certified
mail to the last known address of the absentee and beneficiary shall be sufficient to show the
insurer's inability to obtain reimbursement.
History: 1979 c 54 s 3
Official Publication of the State of Minnesota
Revisor of Statutes