Minnesota Legislature
Office of the Revisor of Statutes
2021 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
61A.16 CONTRACT PROVISIONS.
Any contract on a variable basis providing benefits payable in variable amounts delivered or issued for delivery in this state shall contain a statement of the essential features of the procedures to be followed by the insurance company in determining the dollar amount of such variable benefits. Any such contract, including a group contract and any certificate in evidence of variable benefits issued thereunder, shall state the manner in which such dollar amounts will vary and shall contain on its first page a statement to the effect that the benefits thereunder are on a variable basis.
History:
Official Publication of the State of Minnesota
Revisor of Statutes