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62A.40 REPLACEMENT REGULATED.
No insurer or agent shall replace a Medicare supplement plan with another Medicare
supplement plan of the same category unless there is a substantial difference in cost favorable to
the policyholder, or the insured has previously demonstrated a dissatisfaction with the service
presently being received from the current insurer. An insurer or agent may replace a Medicare
supplement plan with a less comprehensive plan only if the prospective insured signs an
acknowledgment that it is understood that the prospective insured will receive less benefits under
the new policy than under the policy presently in force.
History: 1981 c 318 s 10; 1986 c 444

Official Publication of the State of Minnesota
Revisor of Statutes