Minnesota § 61A.54 EXEMPTIONS

Minnesota Statutes

§ 61A.54 — EXEMPTIONS

Minnesota § 61A.54

PartINSURANCE

Ch. 61ALIFE INSURANCE

This text of Minnesota § 61A.54 (EXEMPTIONS) 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. § 61A.54 (2026).

Text

Unless otherwise specifically included, sections61A.53to61A.60do 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 section61A.55, subdivision 1.

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Unless otherwise specifically included, sections61A.53to61A.60do 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 section61A.55, subdivision 1.