Subdivision 1. Insurance payments; reduction. If an absentee is declared dead after advance insurance payments have been made pursuant to section 578.12, the amount payable under the policy shall be reduced by the total amount of payments made under section 578.12.
Subd. 2. Reimbursement of insurer. If an absentee is found to be living after advance insurance payments have been made to a beneficiary pursuant to section 578.12, the absentee and beneficiary shall reimburse the insurer the amount of the payments made.
If the insurer is unable to obtain full reimbursement, the amount payable under the policy shall be reduced to the extent necessary to allow full reimbursement. Failure of the absentee and beneficiary to reimburse the insurer upon demand for payment sent by the insurer by certified mail to the last known address of the absentee and beneficiary shall be sufficient to show the insurer's inability to obtain reimbursement.
1979 c 54 s 3; 2012 c 143 art 3 s 34,38
Structure Minnesota Statutes
Chapters 570 - 583 — Postjudgment Remedies; Alternative Dispute Resolution; Bonds
Chapter 578 — Receivership; Absentees
Section 578.02 — Absentees; Possession, Management, And Disposition Of Property.
Section 578.03 — Warrant; Sheriff To Take Possession Of Property; Fees And Costs.
Section 578.04 — Notice Of Seizure; Appointment Of Receiver; Disposition Of Property.
Section 578.05 — Publication Of Notice.
Section 578.06 — Hearing By Court; Dismissal Of Proceeding; Appointment And Bond Of Receiver.
Section 578.07 — Transfer Of Property To Receiver.
Section 578.08 — Additional Property; Receiver To Take Possession.
Section 578.09 — Where No Corporeal Property; Receiver; Bond.
Section 578.10 — Care Of Property; Lease; Sale; Control Of Business.
Section 578.11 — Advance Life Insurance Payments To Absentee's Beneficiary.
Section 578.12 — Hearing By Court; Determination Of Right To Advance Life Insurance Payments.
Section 578.13 — Reappearance Of Absentee.
Section 578.14 — Use Of Proceeds.
Section 578.15 — Claims; Adjustment By Receiver.
Section 578.16 — Presumption Of Death From Absence.
Section 578.17 — Hearing By Court; Determination Of Death Of An Absentee.
Section 578.18 — Degree Of Burden Of Proof.
Section 578.19 — Dissolution Of Marriage.
Section 578.20 — Compensation Of Receiver; Title Of Absentee Lost After Four Years.