An insurer that issued a reimbursement insurance policy may not terminate the policy unless the insurer mails or delivers written notice of the termination to the commissioner at least 30 days before the effective date of termination. The termination of a reimbursement insurance policy does not reduce the issuer's responsibility for service contracts issued by providers before the date of the termination.
1Sp2005 c 1 art 5 s 9
Structure Minnesota Statutes
Chapters 59A - 79A — Insurance
Chapter 59B — Regulation Of Service Contracts
Section 59B.01 — Scope And Purpose.
Section 59B.03 — Requirements For Transacting Business.
Section 59B.04 — Required Disclosures; Reimbursement Insurance Policy.
Section 59B.05 — Required Disclosure; Service Contracts.
Section 59B.06 — Additional Required Disclosure; Service Contracts.
Section 59B.07 — Prohibited Acts.
Section 59B.08 — Record-keeping Requirements.
Section 59B.09 — Termination Of Reimbursement Insurance Policy.
Section 59B.10 — Obligation Of Reimbursement Insurance Policy Insurers.