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.
62B.01 SCOPE.
All life insurance, accident and health insurance, and involuntary unemployment insurance in
connection with loan or other credit transactions are subject to sections 62B.01 to 62B.14, except
life, accidental death, and disability insurance written in connection with first real estate mortgage
loans. Insurance is not subject to sections 62B.01 to 62B.14 where its issuance is an isolated
transaction on the part of the insurer not related to an agreement or a plan for insuring debtors of
the creditor. Credit life, credit accident and health, and credit involuntary unemployment insurance
provided at no additional cost to the borrower are not subject to sections 62B.01 to 62B.14.
History: Ex1967 c 2 s 1; 1989 c 330 s 21; 1993 c 343 s 8; 2002 c 307 art 2 s 2
All life insurance, accident and health insurance, and involuntary unemployment insurance in
connection with loan or other credit transactions are subject to sections 62B.01 to 62B.14, except
life, accidental death, and disability insurance written in connection with first real estate mortgage
loans. Insurance is not subject to sections 62B.01 to 62B.14 where its issuance is an isolated
transaction on the part of the insurer not related to an agreement or a plan for insuring debtors of
the creditor. Credit life, credit accident and health, and credit involuntary unemployment insurance
provided at no additional cost to the borrower are not subject to sections 62B.01 to 62B.14.
History: Ex1967 c 2 s 1; 1989 c 330 s 21; 1993 c 343 s 8; 2002 c 307 art 2 s 2
Official Publication of the State of Minnesota
Revisor of Statutes