2022 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