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Current as of January 01, 2023 | Updated by FindLaw Staff
Unless otherwise specifically included, sections 61A.53 to 61A.60 do not apply to transactions involving:
(1) credit life insurance;
(2) group life insurance or group annuities;
(3) an application to the existing insurer that issued the existing life insurance or annuity, where a contractual change or a conversion privilege is being exercised;
(4) proposed life insurance that is to replace life insurance under a binding or conditional receipt issued by the same company; or
(5) transactions where the replacing insurer and the existing insurer are the same, or are subsidiaries or affiliates under common ownership or control; provided, however, that agents or brokers proposing replacement shall comply with section 61A.55, subdivision 1.
Cite this article: FindLaw.com - Minnesota Statutes Insurance (Ch. 59A-79a) § 61A.54. Exemptions - last updated January 01, 2023 | https://codes.findlaw.com/mn/insurance-ch-59a-79a/mn-st-sect-61a-54/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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