61A.56 DUTIES OF ALL INSURERS. Each insurer shall: (1) inform its field representatives or other personnel responsible for compliance with sections 61A.53 to 61A.60 of the requirements of those sections; and (2) require with or as a part of each completed application for life insurance or annuity a statement signed by the applicant as to whether the proposed insurance or annuity will replace existing life insurance or annuity. History: 1996 c 446 art 1 s 16
Minnesota Legal Code