Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
62S.31 REQUIREMENT TO DELIVER SHOPPER'S GUIDE.
Subdivision 1. Shopper's guide. A long-term care insurance shopper's guide in the format developed by the National Association of Insurance Commissioners, or a guide developed or approved by the commissioner, shall be provided to all prospective applicants of a long-term care insurance policy or certificate:(1) in the case of agent solicitations, an agent must deliver the shopper's guide before the presentation of an application or enrollment form; and(2) in the case of direct response solicitations, the shopper's guide must be presented in conjunction with an application or enrollment form.
Subd. 2. Exception. Subdivision 1 does not apply to life insurance policies or riders containing accelerated long-term care benefits. The policy summary required under section 62S.10 must be furnished with a life insurance policy or rider containing accelerated long-term care benefits.
History: 1997 c 71 art 1 s 31
Subdivision 1. Shopper's guide. A long-term care insurance shopper's guide in the format developed by the National Association of Insurance Commissioners, or a guide developed or approved by the commissioner, shall be provided to all prospective applicants of a long-term care insurance policy or certificate:(1) in the case of agent solicitations, an agent must deliver the shopper's guide before the presentation of an application or enrollment form; and(2) in the case of direct response solicitations, the shopper's guide must be presented in conjunction with an application or enrollment form.
Subd. 2. Exception. Subdivision 1 does not apply to life insurance policies or riders containing accelerated long-term care benefits. The policy summary required under section 62S.10 must be furnished with a life insurance policy or rider containing accelerated long-term care benefits.
History: 1997 c 71 art 1 s 31
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Revisor of Statutes