US Laws, Codes, Statutes & Cases

     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. 

    HIST: 1977 c 345 s 2 

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