Minn. Stat. § 61A.16: CONTRACT PROVISIONS.
Where this section sits in the code
- INSURANCE
- CHAPTER 61A. LIFE INSURANCE
- 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