72C.02 PURPOSE.
The purpose of sections
72C.01 to
72C.13 is to provide that insurance policies and contracts
be readable and understandable to a person of average intelligence, experience, and education. All
insurers shall be required by sections
72C.01 to
72C.13 to use policy and contract forms which
are written in simple and commonly used language, which are logically and clearly arranged,
which are printed in a legible format, and which are generally understandable. It is not the intent
of sections
72C.01 to
72C.13 to mandate, require or allow alteration of the legal effect of any
provision of any insurance policy or contract.
History: 1977 c 345 s 2