Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
59B.04 REQUIRED DISCLOSURES; REIMBURSEMENT INSURANCE POLICY.
Subdivision 1. Right to payment or reimbursement. Reimbursement insurance policies
insuring service contracts issued, sold, or offered for sale in this state shall state that the insurer
that issued the reimbursement insurance policy shall either reimburse or pay on behalf of the
provider any covered sums the provider is legally obligated to pay or, in the event of the
provider's nonperformance, shall provide the service which the provider is legally obligated to
perform according to the provider's contractual obligations under the service contracts issued or
sold by the provider.
Subd. 2. Right to apply to company. In the event covered service is not provided by the
service contract provider within 60 days of proof of loss by the service contract holder, the
contract holder is entitled to apply directly to the reimbursement insurance company.
History: 1Sp2005 c 1 art 5 s 4
Subdivision 1. Right to payment or reimbursement. Reimbursement insurance policies
insuring service contracts issued, sold, or offered for sale in this state shall state that the insurer
that issued the reimbursement insurance policy shall either reimburse or pay on behalf of the
provider any covered sums the provider is legally obligated to pay or, in the event of the
provider's nonperformance, shall provide the service which the provider is legally obligated to
perform according to the provider's contractual obligations under the service contracts issued or
sold by the provider.
Subd. 2. Right to apply to company. In the event covered service is not provided by the
service contract provider within 60 days of proof of loss by the service contract holder, the
contract holder is entitled to apply directly to the reimbursement insurance company.
History: 1Sp2005 c 1 art 5 s 4
Official Publication of the State of Minnesota
Revisor of Statutes