Minnesota Statutes 59B.06 – Additional Required Disclosure; Service Contracts
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Subdivision 1.Insurance disclosure.
Service contracts insured under a reimbursement insurance policy pursuant to section 59B.03, subdivision 4, clause (1), must contain a statement in substantially the following form: “Obligations of the provider under this service contract are insured under a service contract reimbursement insurance policy.” The service contract must also state the name and address of the insurer.
Subd. 2.Disclosure of no insurance.
Terms Used In Minnesota Statutes 59B.06
- Contract: A legal written agreement that becomes binding when signed.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
Terms Used In Minnesota Statutes 59B.06
- Contract: A legal written agreement that becomes binding when signed.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
Service contracts not insured under a reimbursement insurance policy pursuant to section 59B.03, subdivision 4, clause (1), must contain a statement in substantially the following form: “Obligations of the provider under this service contract are backed by the full faith and credit of the provider.”