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Minnesota · Through 2025 Minnesota Statutes

Minn. Stat. § 61A.16: CONTRACT PROVISIONS.

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Where this section sits in the code
  1. INSURANCE
  2. CHAPTER 61A. LIFE INSURANCE
  3. CONTRACTS -- VARIABLE BASIS

Any contract on a variable basis providing benefits payable in variable amounts delivered or issued for delivery in this state shall contain a statement of the essential features of the procedures to be followed by the insurance company in determining the dollar amount of such variable benefits. Any such contract, including a group contract and any certificate in evidence of variable benefits issued thereunder, shall state the manner in which such dollar amounts will vary and shall contain on its first page a statement to the effect that the benefits thereunder are on a variable basis.

Collected 2026-09-02T22:10:28Z. Source file · JSON

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