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Marginalia
Code · Minnesota · Chapter 62

62S.14 RENEWABILITY.

95 words·~1 min read·/mn/chapter-62/62s-14

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62S.14 RENEWABILITY.
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Subdivision 1. Guaranteed renewable.
A qualified long-term care insurance policy must be guaranteed renewable.
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Subd. 2. Terms.
The terms "guaranteed renewable" and "noncancelable" may not be used in an individual long-term care insurance policy without further explanatory language that complies with the disclosure requirements of section 62S.20 . The term "level premium" may only be used when the insurer does not have the right to change the premium.
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Subd. 3. Authorized renewal provisions.
A policy issued to an individual may not contain renewal provisions other than guaranteed renewable or noncancelable.
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