72C.06 READABILITY.
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72C.06 READABILITY.
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Subdivision 1. Requirement.
All insurance policies filed with the commissioner pursuant to section 72C.11 shall be written in language easily readable and understandable by a person of average intelligence and education.
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Subd. 2. Compliance factors.
In determining whether a policy or contract is readable within the meaning of this section the commissioner shall consider, at least, the following factors:
(a)the simplicity of the sentence structure and the shortness of the sentences used;
(b)the extent to which commonly used and understood words are employed;
(c)the extent to which legal terms are avoided;
(d)the extent to which references to other sections or provisions of the contract are minimized;
(e)the extent to which definitional provisions are incorporated in the text of the policy or contract; and
(f)any additional factors relevant to the readability or understandability of an insurance policy or contract which the commissioner may prescribe by rule.