Accident and Health Insurance, first half

What this document is

Minnesota Statutes Chapter 62A - Accident and Health Insurance, first half (Secs. 62A.01 through 62A.3098) is a state statute published by Minnesota Office of the Revisor of Statutes (revisor.mn.gov). It is one of the Minnesota documents that insurance license exam questions are written from, including minnesota life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Minn. Stat. Chapter 62A § 62A.04, subd. 3(8) (Optional Provisions; Cancellation)

  “CANCELLATION: The insurer may cancel this policy at any time by written notice delivered to the insured or mailed to the insured's last address as shown by the records of the insurer, stating when, not less than five days thereafter, such cancellation shall be effective; and after the policy has...”

• Minn. Stat. Chapter 62A § 62A.01, subd. 2 (Equal Protection; Certificates of Coverage)

  “A certificate of insurance or similar evidence of coverage issued to a Minnesota resident shall provide coverage for all benefits required to be covered in group policies in Minnesota by this chapter and chapter 62E.”

• Minn. Stat. Chapter 62A § 62A.04, subd. 3(1) (Optional Provisions - Change of Occupation)

  “If the insured changes occupations to one classified by the insurer as less hazardous than that stated in this policy, the insurer, upon receipt of proof of such change of occupation will reduce the premium rate accordingly, and will return the excess pro rata unearned premium from the date of...”

• Minn. Stat. Chapter 62A § 62A.04, subd. 2(1) (Required Provisions - Entire Contract; Changes)

  “ENTIRE CONTRACT; CHANGES: This policy, including the endorsements and the attached papers, if any, constitutes the entire contract of insurance. No change in this policy shall be valid until approved by an executive officer of the insurer and unless such approval be endorsed hereon or attached...”

• Minn. Stat. Chapter 62A § 62A.305 (Fibrocystic Condition; Termination or Reduction of Coverage)

  “No health plan shall be terminated, canceled, nonrenewed, or contain any increased premium rate, or exclusion, reduction, or limitation on benefits, nor shall coverage be denied, solely because the covered person has been diagnosed as having a fibrocystic breast condition.”

• Minn. Stat. Chapter 62A § 62A.135, subd. 1(b) (Fixed Indemnity Policies; "Guaranteed Renewable" Defined)

  “"guaranteed renewable" means that, during the renewal period (to a specified age) renewal cannot be declined nor coverage changed by the insurer for any reason other than nonpayment of premiums, fraud, or misrepresentation, but the insurer can revise rates on a class basis upon approval by the commissioner;”

• Minn. Stat. Chapter 62A § 62A.04, subd. 3(2) (Optional Provisions - Misstatement of Age)

  “MISSTATEMENT OF AGE: If the age of the insured has been misstated, all amounts payable under this policy shall be such as the premium paid would have purchased at the correct age.”

• Minn. Stat. Chapter 62A § 62A.01, subd. 2 (Equal Protection; Nonresident Insureds)

  “A policy of accident and sickness insurance that is issued or delivered in this state and that covers a person residing in another state may provide coverage or contain provisions that are less favorable to that person than required by this chapter and chapter 62E. Less favorable coverages or...”

• Minn. Stat. Chapter 62A § 62A.04, subd. 3 (Optional Provisions - Substitute Wording)

  “The insurer may, at its option, use in lieu of any such provision a corresponding provision of different wording approved by the commissioner which is not less favorable in any respect to the insured or the beneficiary.”

• Minn. Stat. Chapter 62A § 62A.04, subd. 2(9) (Required Provisions - Payment of Claims)

  “PAYMENT OF CLAIMS: Indemnity for loss of life will be payable in accordance with the beneficiary designation and the provisions respecting such payment which may be prescribed herein and effective at the time of payment. If no such designation or provision is then effective, such indemnity shall be...”

• Minn. Stat. Chapter 62A § 62A.02, subd. 1 (Policy Forms; Filing)

  “No health plan shall be issued or delivered to any person in this state, nor shall any application, rider, or endorsement be used in connection with the health plan, until a copy of its form and of the classification of risks and the premium rates pertaining to the form have been filed with the commissioner.”

• Minn. Stat. Chapter 62A § 62A.27(a) (Coverage of Adopted Children)

  “(a) A health plan that provides coverage to a Minnesota resident must cover adopted children of the insured, subscriber, participant, or enrollee on the same basis as other dependents. Consequently, the plan shall not contain any provision concerning preexisting condition limitations, insurability,...”

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