Minn. Stat. § 62S.14
This is the official text of Minn. Stat. § 62S.14, 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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§ 62S.14 RENEWABILITY.
Official statutory text
§ Subdivision 1. Guaranteed renewable. A qualified long-term care insurance policy must be guaranteed renewable.
§ Subd. 2. Terms. The terms "guaranteed renewable" and "noncancelable" may not be used in an individual long-term care insurance policy without further explanatory language that complies with the disclosure requirements of section 62S.20 . The term "level premium" may only be used when the insurer does not have the right to change the premium.
§ Subd. 3. Authorized renewal provisions. A policy issued to an individual may not contain renewal provisions other than guaranteed renewable or noncancelable.
§ Subd. 2. Terms. The terms "guaranteed renewable" and "noncancelable" may not be used in an individual long-term care insurance policy without further explanatory language that complies with the disclosure requirements of section 62S.20 . The term "level premium" may only be used when the insurer does not have the right to change the premium.
§ Subd. 3. Authorized renewal provisions. A policy issued to an individual may not contain renewal provisions other than guaranteed renewable or noncancelable.
Status: in_force · Read it on the official government site
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