What Laws Govern Life Insurance Policies in Minnesota?

/ Santi Cerny, PLLC/

Predominantly, Minnesota life insurance policies are governed by Minnesota Statutes, Minnesota Rules, and case law.

Minnesota Statutes Section 61A found HERE governs life insurance. It falls within the statutes governing insurance in general which run from 59A through 79A. Section 61A governs a wide variety of topics such as contracts, non-forfeiture laws, replacement insurance and policy illustrations.

Minnesota Rules. The Commissioner of the Department of Commerce is authorized to promulgate rules relating to life insurance and has done so. For example, Minnesota Rules Section 2700.3200 found HERE details unfair and deceptive practice in relation to life insurance.

Case law. Minnesota’s Supreme Court and Court of Appeals have issued opinions pertaining to life insurance policies and construing applicable law.

If you are involved in a dispute relating to a Minnesota life insurance policy, you should strongly consider consulting with an experienced life insurance lawyer like Mark C. Santi.