Minnesota § 62B.11 EXISTING INSURANCE; CHOICE OF INSURER

Minnesota Statutes

§ 62B.11 — EXISTING INSURANCE; CHOICE OF INSURER

Minnesota § 62B.11

PartINSURANCE

Ch. 62BCREDIT INSURANCE

This text of Minnesota § 62B.11 (EXISTING INSURANCE; CHOICE OF INSURER) 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. § 62B.11 (2026).

Text

When credit life insurance, credit accident and health insurance, or credit involuntary unemployment insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by the debtor or of procuring and furnishing the required coverage through any insurer authorized to transact an insurance business within this state.

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When credit life insurance, credit accident and health insurance, or credit involuntary unemployment insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by the debtor or of procuring and furnishing the required coverage through any insurer authorized to transact an insurance business within this state.