2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
61A.54 EXEMPTIONS.
Unless otherwise specifically included, sections 61A.53 to 61A.60 do not apply to
transactions involving:
(1) credit life insurance;
(2) group life insurance or group annuities;
(3) an application to the existing insurer that issued the existing life insurance or annuity,
where a contractual change or a conversion privilege is being exercised;
(4) proposed life insurance that is to replace life insurance under a binding or conditional
receipt issued by the same company; or
(5) transactions where the replacing insurer and the existing insurer are the same, or are
subsidiaries or affiliates under common ownership or control; provided, however, that agents or
brokers proposing replacement shall comply with section 61A.55, subdivision 1.
History: 1996 c 446 art 1 s 14
Unless otherwise specifically included, sections 61A.53 to 61A.60 do not apply to
transactions involving:
(1) credit life insurance;
(2) group life insurance or group annuities;
(3) an application to the existing insurer that issued the existing life insurance or annuity,
where a contractual change or a conversion privilege is being exercised;
(4) proposed life insurance that is to replace life insurance under a binding or conditional
receipt issued by the same company; or
(5) transactions where the replacing insurer and the existing insurer are the same, or are
subsidiaries or affiliates under common ownership or control; provided, however, that agents or
brokers proposing replacement shall comply with section 61A.55, subdivision 1.
History: 1996 c 446 art 1 s 14
Official Publication of the State of Minnesota
Revisor of Statutes