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Section 62B.03 — Forms Of Credit Life Insurance, Credit Accident And Health Insurance, And Credit Involuntary Unemployment Insurance.

MN Stat § 62B.03 (2019) (N/A)
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Credit life insurance, credit accident and health insurance, and credit involuntary unemployment insurance shall be issued only in the following forms:

(1) individual policies of life insurance issued to debtors on the term plan;

(2) individual policies of accident and health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;

(3) individual policies of involuntary unemployment insurance issued to debtors on the term plan;

(4) group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan;

(5) group policies of accident and health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage;

(6) group policies of involuntary unemployment insurance issued to creditors on a term plan insuring debtors.

History: Ex1967 c 2 s 3; 1993 c 343 s 10

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Section 62B.02 — Definitions.
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Section 62B.04 — Amount Of Credit Life Insurance And Credit Accident And Health Insurance.