US Laws, Codes, Statutes & Cases

     72A.50 Previous adverse underwriting decisions. 

    Subdivision 1.    Additional information required.  An 
 insurer, insurance agent, or insurance-support organization must 
 not seek information in connection with an insurance transaction 
 concerning any previous adverse underwriting decision 
 experienced by a person, or any previous insurance coverage 
 obtained by a person through a residual market mechanism, unless 
 the inquiry also requests the reasons for the previous adverse 
 underwriting decision or the reasons why insurance coverage was 
 previously obtained through a residual market mechanism. 

    Subd. 2.    Prohibitions.  An insurer or insurance agent 
 may not base an adverse underwriting decision, in whole or in 
 part, on: 

    (1) the fact of a previous adverse underwriting decision or 
 the fact that a person previously obtained insurance coverage 
 through a residual market mechanism, provided that an insurer or 
 insurance agent may base an adverse underwriting decision on 
 further information obtained from an insurer or insurance agent 
 responsible for a previous adverse underwriting decision; or 

    (2) personal information received from an insurance-support 
 organization whose primary source of information is insurers, 
 provided that an insurer or insurance agent may base an adverse 
 underwriting decision on further personal information obtained 
 as the result of information received from the insurance-support 
 organization. 

    HIST: 1989 c 316 s 12 

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