Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
61A.22 CONTRACTS TO SPECIFY BENEFITS AND CONSIDERATION.
No life insurance company shall make any insurance, guaranty, contract, or pledge in this
state, or to or with any citizen or resident thereof, which does not distinctly specify the amount and
manner of payment of benefits and the consideration therefor, except that contracts on a variable
basis need not specify the amount of benefits thereunder or consideration after the initial premium.
History: 1967 c 395 art 2 s 22; 1973 c 480 s 6
No life insurance company shall make any insurance, guaranty, contract, or pledge in this
state, or to or with any citizen or resident thereof, which does not distinctly specify the amount and
manner of payment of benefits and the consideration therefor, except that contracts on a variable
basis need not specify the amount of benefits thereunder or consideration after the initial premium.
History: 1967 c 395 art 2 s 22; 1973 c 480 s 6
Official Publication of the State of Minnesota
Revisor of Statutes