2010 Minnesota Code
Chapters 59A - 79A Insurance
Chapter 60A General Insurance Powers
Section 60A.991 Interstate Insurance Product Regulation Compact Opt Out Administration
60A.991 INTERSTATE INSURANCE PRODUCT REGULATION COMPACT OPT OUT ADMINISTRATION.
Subdivision 1.Access to courts.
The commissioner must opt out by regulation of any uniform standard that permits a product to deny a consumer's access to the courts to resolve a dispute related to the product. In addition to opting out, the commissioner must petition the commission for a stay of the effective date of the standard.
Subd. 2.Deference by courts.
A decision by the commissioner to opt out by regulation shall be given deference by the courts.
History:
2006 c 255 s 4
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