INTERSTATE INSURANCE PRODUCT REGULATION COMPACT OPT OUT ADMINISTRATION.

Minn. Stat. § 60A.991, under Chapter 60A. GENERAL INSURANCE POWERS.

Minn. Stat. § 60A.991

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