Minn. Stat. § 61A.22
This is the official text of Minn. Stat. § 61A.22, part of Minnesota’s Stat — part of the compiled statutory law of Minnesota, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 61A.22 CONTRACTS TO SPECIFY BENEFITS AND CONSIDERATION.
Official statutory text
No life insurance company shall make any insurance, guaranty, contract, or pledge in this state, or to or with any citizen or resident thereof, which does not distinctly specify the amount and manner of payment of benefits and the consideration therefor, except that contracts on a variable basis need not specify the amount of benefits thereunder or consideration after the initial premium.
Status: in_force · Read it on the official government site
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