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62A.105 COVERAGES; TRANSFERS TO SUBSTANTIALLY SIMILAR PRODUCTS.
    Subdivision 1. Scope. No individual policy of accident and sickness regulated under this
chapter or subscriber contract regulated under chapter 62C shall be issued, renewed, or continued
to provide coverage to a Minnesota resident unless it satisfies the requirements of subdivision 2.
    Subd. 2. Requirement. If an issuer of policies or plans referred to in subdivision 1 ceases to
offer a particular policy or subscriber contract to the general public or otherwise stops adding new
insureds to the group of covered persons, the issuer shall allow any covered person to transfer
to another substantially similar policy or contract currently being sold by the issuer. The issuer
shall permit the transfer without any preexisting condition limitation, waiting period, or other
restriction of any type other than those which applied to the insured under the prior policy or
contract. This section does not apply to persons who were covered under an individual policy or
contract prior to July 1, 1994.
History: 1994 c 485 s 27

Official Publication of the State of Minnesota
Revisor of Statutes