Minnesota Legislature
Office of the Revisor of Statutes
Minnesota Administrative Rules
2790.0700 RENEWABILITY, CANCELABILITY, AND TERMINATION.
An advertisement which refers to renewability, cancelability, or termination of a policy, or which refers to a policy benefit, or which states or illustrates time or age in connection with eligibility of applicants or continuation of the policy, must disclose the provisions relating to renewability, cancelability, and termination and any modification of benefits, losses covered, or premiums because of age or for other reasons, in a manner which would not have the capacity or tendency to mislead, deceive, minimize, or render obscure the qualifying conditions. An advertisement of a group or blanket policy which would otherwise be subject to the disclosure requirements of this part need not disclose the policy's provisions relating to renewability, cancelability, and termination. The advertisement must provide, however, as a minimum, that an insured's coverage is contingent upon his or her continued membership in the group and the continuation of the plan.
Statutory Authority:
MS c 60A; 72A
History:
9 SR 175
Published Electronically:
September 14, 2007
Official Publication of the State of Minnesota
Revisor of Statutes