Section 79.085 — Safety Programs.
79.085 SAFETY PROGRAMS. All insurers writing workers’ compensation insurance in this state shall provide safety and occupational health loss control consultation services to each of their policyholders requesting the services in writing. Insurers must annually notify their policyholders of their right under this section to safety and occupational health loss consultation services. The services must […]
Section 79.095 — Appointment Of Actuary.
79.095 APPOINTMENT OF ACTUARY. The commissioner shall employ the services of a casualty actuary experienced in worker’s compensation whose duties shall include but not be limited to investigation of complaints by insured parties relative to rates, rate classifications, or discriminatory practices of an insurer. The salary of the actuary employed pursuant to this section is […]
Section 72C.08 — Format Requirements.
72C.08 FORMAT REQUIREMENTS. Subdivision 1. Requirement. All insurance policies and contracts covered by section 72C.11 shall be written in a logical, clear, and understandable order and form and shall contain at least the following items: (a) on the cover or first or an insert page of the policy a statement that the policy is a […]
Section 72B.135 — Public Adjusters.
72B.135 PUBLIC ADJUSTERS. Subdivision 1. Insured’s right to cancel. An insured who has entered into a contract with a public adjuster involving the business for which the person was licensed, has the right to cancel the contract within 72 hours after the contract has been signed. Cancellation is evidenced by the insured giving written notice […]
Section 72B.136 — Escrow Or Trust Accounts.
72B.136 ESCROW OR TRUST ACCOUNTS. A public adjuster who receives, accepts, or holds any funds on behalf of an insured, towards the settlement of a claim for loss or damage, shall deposit the funds in a non-interest-bearing escrow or trust account in a financial institution that is insured by an agency of the federal government […]
Section 72C.01 — Citation.
72C.01 CITATION. Sections 72C.01 to 72C.13 may be cited as the “Readability of Insurance Policies Act.” History: 1977 c 345 s 1
Section 72C.02 — Purpose.
72C.02 PURPOSE. The purpose of sections 72C.01 to 72C.13 is to provide that insurance policies and contracts be readable and understandable to a person of average intelligence, experience, and education. All insurers shall be required by sections 72C.01 to 72C.13 to use policy and contract forms which are written in simple and commonly used language, […]
Section 72C.03 — Scope.
72C.03 SCOPE. Except as otherwise specifically provided, sections 72C.01 to 72C.13 shall apply to all policies or contracts of direct insurance, issued by persons authorized at any time to transact insurance in this state and including nonprofit health service plan corporations under chapter 62C, health maintenance organizations under chapter 62D, and fraternal benefit societies under […]
Section 72C.04 — Definitions.
72C.04 DEFINITIONS. Subdivision 1. Scope. For purposes of sections 72C.01 to 72C.13, the following terms shall have the meanings given them. Subd. 2. Commissioner. “Commissioner” means the commissioner of commerce or a designated agent. Subd. 3. Flesch scale analysis readability score. “Flesch scale analysis readability score” means a measurement of the ease of readability of […]
Section 72C.05 — Cover Sheet.
72C.05 COVER SHEET. Subdivision 1. Requirement. All insurance policies or contracts described in section 72C.11, clauses (a) and (b) issued, amended or renewed after July 1, 1978 and before the filing requirements of section 72C.10 take effect shall contain as the first page or first page of text, if it is preceded by a title […]