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.
62B.03 FORMS OF CREDIT LIFE INSURANCE, CREDIT ACCIDENT AND HEALTH
INSURANCE, AND CREDIT INVOLUNTARY UNEMPLOYMENT INSURANCE.
Credit life insurance, credit accident and health insurance, and credit involuntary
unemployment insurance shall be issued only in the following forms:
(1) individual policies of life insurance issued to debtors on the term plan;
(2) individual policies of accident and health insurance issued to debtors on a term plan or
disability benefit provisions in individual policies of credit life insurance;
(3) individual policies of involuntary unemployment insurance issued to debtors on the
term plan;
(4) group policies of life insurance issued to creditors providing insurance upon the lives of
debtors on the term plan;
(5) group policies of accident and health insurance issued to creditors on a term plan
insuring debtors or disability benefit provisions in group credit life insurance policies to provide
such coverage;
(6) group policies of involuntary unemployment insurance issued to creditors on a term
plan insuring debtors.
History: Ex1967 c 2 s 3; 1993 c 343 s 10
INSURANCE, AND CREDIT INVOLUNTARY UNEMPLOYMENT INSURANCE.
Credit life insurance, credit accident and health insurance, and credit involuntary
unemployment insurance shall be issued only in the following forms:
(1) individual policies of life insurance issued to debtors on the term plan;
(2) individual policies of accident and health insurance issued to debtors on a term plan or
disability benefit provisions in individual policies of credit life insurance;
(3) individual policies of involuntary unemployment insurance issued to debtors on the
term plan;
(4) group policies of life insurance issued to creditors providing insurance upon the lives of
debtors on the term plan;
(5) group policies of accident and health insurance issued to creditors on a term plan
insuring debtors or disability benefit provisions in group credit life insurance policies to provide
such coverage;
(6) group policies of involuntary unemployment insurance issued to creditors on a term
plan insuring debtors.
History: Ex1967 c 2 s 3; 1993 c 343 s 10
Official Publication of the State of Minnesota
Revisor of Statutes