Title Minnesota Statutes, Minnesota Statutes

62B.05 TERM OF CREDIT INSURANCE. The term of any credit life insurance, credit accident and health insurance, or credit involuntary unemployment insurance shall, subject to acceptance by the insurer, commence on the date when the debtor becomes obligated to the creditor, except t…

62B.06 PROVISIONS OF POLICIES AND CERTIFICATES OF INSURANCE; DISCLOSURE TO DEBTORS. § Subdivision 1.Policy, memorandum copy, or certificate required. All credit life insurance, credit accident and health insurance, and credit involuntary unemployment insurance shall be evidenced …

62B.07 REGULATION OF RATES AND FORMS. § Subdivision 1.Filing. All policies, certificates of insurance, notices of proposed insurance, applications for insurance, endorsements and riders delivered or issued for delivery in this state and the schedules of premium rates pertaining t…

62B.08 PREMIUMS AND REFUNDS. § Subdivision 1.Schedules and rates; revisions. An insurer may revise its schedules or premium rates from time to time, and shall file such revised schedules with the commissioner. No insurer shall issue any credit life insurance policy, credit accide…

62B.09 ISSUANCE OF POLICIES. § Subdivision 1.Regulation. Policies of credit life insurance and credit accident and health insurance shall be delivered or issued for delivery in this state only by an insurer authorized to do an insurance business in this state and shall be issued …

62B.10 CLAIMS. § Subdivision 1.Handling. All claims shall be promptly reported to the insurer or its designated claim representative, and the insurer shall maintain adequate claim files. Claims shall be settled as soon as possible and in accordance with the terms of the insurance…

62B.11 EXISTING INSURANCE; CHOICE OF INSURER. When credit life insurance, credit accident and health insurance, or credit involuntary unemployment insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of…

62B.12 RULEMAKING. The commissioner may, after notice and hearing, issue rules the commissioner deems appropriate for the supervision of sections 62B.01 to 62B.14. The commissioner shall promulgate rules to establish rates for credit involuntary unemployment insurance prior to it…

62B.13 JUDICIAL REVIEW. Any party to the proceeding affected by an order of the commissioner shall be entitled to judicial review in accordance with chapter 14. History: Ex1967 c 2 s 13; 1982 c 424 s 130

62B.14 PENALTIES. In addition to any other penalty provided by law, any person, firm or corporation which violates an order of the commissioner after it has become final, and while it is in effect, shall, upon proof thereof to the satisfaction of the court, forfeit and pay to the…