2004 Minnesota Statutes

     60A.966 Approval of viatical settlements contract forms. 

    A viatical settlement provider may not use a viatical 
 settlement contract form in this state unless it has been filed 
 with and approved by the commissioner.  A viatical settlement 
 contract form filed with the commissioner is considered to have 
 been approved if it has not been disapproved within 60 days of 
 the filing.  The commissioner shall disapprove a viatical 
 settlement contract form if, in the commissioner's opinion, the 
 contract or contract provisions are unreasonable, contrary to 
 the interests of the public, or otherwise misleading or unfair 
 to the policy owner.  

    HIST: 1995 c 151 s 7