Minnesota § 61A.59 ENFORCEMENT; EFFECT OF COMPLIANCE

Minnesota Statutes

§ 61A.59 — ENFORCEMENT; EFFECT OF COMPLIANCE

Minnesota § 61A.59

PartINSURANCE

Ch. 61ALIFE INSURANCE

This text of Minnesota § 61A.59 (ENFORCEMENT; EFFECT OF COMPLIANCE) 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.59 (2026).

Text

(a)An agent, broker, or insurer shall not recommend the replacement or conservation of an existing policy or contract by use of a substantially inaccurate presentation or comparison of an existing policy's or contract's premiums and benefits or dividends and values, if any. An insurer, agent, representative, officer, or employee of the insurer failing to comply with the requirements of sections61A.53to61A.60is subject to such penalties as may be appropriate under this chapter.

(b)Patterns of action by policyholders or contract holders who purchase replacing policies or contracts from the same agent or broker, after indicating on applications that replacement is not involved, are prima facie evidence of the agent's or broker's knowledge that replacement was intended in connection with the

Free access — add to your briefcase to read the full text and ask questions with AI

(a) An agent, broker, or insurer shall not recommend the replacement or conservation of an existing policy or contract by use of a substantially inaccurate presentation or comparison of an existing policy's or contract's premiums and benefits or dividends and values, if any. An insurer, agent, representative, officer, or employee of the insurer failing to comply with the requirements of sections61A.53to61A.60is subject to such penalties as may be appropriate under this chapter.
(b) Patterns of action by policyholders or contract holders who purchase replacing policies or contracts from the same agent or broker, after indicating on applications that replacement is not involved, are prima facie evidence of the agent's or broker's knowledge that replacement was intended in connection with the sale of those policies, and the patterns of action are prima facie evidence of the agent's or broker's intent to violate sections61A.53to61A.60.
(c) Sections61A.53to61A.60do not prohibit the use of additional material other than that which is required that does not violate those sections or any other statute or rule.
(d) Compliance by an insurer, agent, or broker with sections61A.53to61A.60does not limit any cause of action or other remedies that the insured may otherwise have against an insurer, agent, or broker. In a proceeding in which the insured's knowledge or understanding is an issue, compliance with those sections may be admitted as evidence on that issue, but shall not be conclusive.