Section 60A.991 Interstate Insurance Product Regulation Compact Opt Out Administration - Minnesota Statutes

60A.991 INTERSTATE INSURANCE PRODUCT REGULATION COMPACT OPT OUT ADMINISTRATION.

Subdivision 1.Access to courts.

The commissioner must opt out by regulation of any uniform standard that permits a product to deny a consumer's access to the courts to resolve a dispute related to the product. In addition to opting out, the commissioner must petition the commission for a stay of the effective date of the standard.

Subd. 2.Deference by courts.

A decision by the commissioner to opt out by regulation shall be given deference by the courts.

History:

2006 c 255 s 4