Minnesota Statutes

§ 59D.01 — APPLICATION

Minnesota § 59D.01
JurisdictionMinnesota
PartINSURANCE
Ch. 59DGUARANTEED ASSET PROTECTION WAIVERS

This text of Minnesota § 59D.01 (APPLICATION) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Minn. Stat. § 59D.01 (2026).

Text

(a)This chapter does not apply to:
(1)a policy of insurance offered in compliance with chapters 60A to 79A;
(2)a debt cancellation or debt suspension contract, including a guaranteed asset protection waiver, being offered by a banking institution or credit union in compliance with chapter 48 or 52; and
(3)a debt cancellation or debt suspension contract being offered in compliance with Code of Federal Regulations, title 12, parts 37, 721, or other federal law.
(b)Guaranteed asset protection waivers regulated under this chapter are not insurance and are not subject to chapters 60A to 79A. Persons selling, soliciting, or negotiating guaranteed asset protection waivers to borrowers in compliance with this chapter are exempt from chapter 60K.
(c)The commissioner of commerce has the full i

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Legislative History

1Sp2015 c 1 art 3 s 3

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Bluebook (online)
Minnesota § 59D.01, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/59D/59D.01.