US Laws, Codes, Statutes & Cases

     61A.093 Certificate of insurance. 

    Subdivision 1.    Coverage.  A certificate of insurance 
 or similar evidence of coverage issued to a Minnesota resident 
 shall provide coverage for all benefits required to be covered 
 in group policies in Minnesota by this chapter. 

    This subdivision supersedes any inconsistent provision of 
 this chapter. 

    A policy of life insurance that is issued or delivered in 
 this state and that covers a person residing in another state 
 may provide coverage or contain provisions that are less 
 favorable to that person than required by this chapter.  Less 
 favorable coverages or provisions must meet the requirements 
 that the state in which the person resides would have required 
 had the policy been issued or delivered in that state. 

    Subd. 2.    Nonapplication.  Subdivision 1 does not 
 apply to certificates issued in regard to a master policy issued 
 outside the state of Minnesota if all of the following are true: 

    (1) the policyholder or certificate holder exists primarily 
 for purposes other than to obtain insurance; 

    (2) the policyholder or certificate holder is not a 
 Minnesota corporation and does not have its principal office in 
 Minnesota; 

    (3) the policy or certificate covers fewer than 25 persons 
 who are residents of Minnesota and the Minnesota residents 
 represent less than 25 percent of all covered persons; and 

    (4) on request of the commissioner, the issuer files with 
 the commissioner a copy of the policy and a copy of each form of 
 certificate. 

    Subd. 3.    Relation to other law.  Section 60A.08, 
 subdivision 4, shall not be construed as requiring a certificate 
 of insurance or similar evidence of insurance that meets the 
 conditions of subdivision 2 to comply with this chapter. 

    HIST: 1994 c 485 s 23 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.