Minn. Stat. § 61A.56
Duties of All Insurers
Minnesota · Minnesota Statutes Chapter 61A — Life Insurance · Status: effective
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- Minn. Stat. § 61A.56, Duties of All Insurers, Minnesota, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1696972
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Full text
Each insurer shall:
(1) inform its field representatives or other personnel responsible for compliance with sections 61A.53 to 61A.60 of the requirements of those sections; and
(2) require with or as a part of each completed application for life insurance or annuity a statement signed by the applicant as to whether the proposed insurance or annuity will replace existing life insurance or annuity.