Minnesota Administrative Rules
Agency 120 - Commerce Department
Chapter 2753 - LIFE INSURANCE SALES TO ACTIVE DUTY MILITARY
Part 2753.0500 - PRACTICES DECLARED FALSE, MISLEADING, DECEPTIVE, OR UNFAIR ON A MILITARY INSTALLATION
Universal Citation: MN Rules 2753.0500
Current through Register Vol. 49, No. 13, September 23, 2024
Subpart 1. Face-to-face solicitations.
The following acts or practices when committed on a military installation by an insurer or insurance producer with respect to the in-person, face-to-face solicitation of life insurance are declared to be false, misleading, deceptive, or unfair:
A.
Knowingly soliciting the purchase of any life insurance product "door-to-door"
or without first establishing a specific appointment for each meeting with the
prospective purchaser.
B.
Soliciting service members in a group or "mass" audience or in a "captive"
audience where attendance is not voluntary.
C. Knowingly making appointments with or
soliciting service members during their normally scheduled duty
hours.
D. Making appointments with
or soliciting service members in barracks, day rooms, unit areas, or transient
personnel housing or other areas where the installation commander has
prohibited solicitation.
E.
Soliciting the sale of life insurance without first obtaining permission from
the installation commander or the commander's designee.
F. Posting unauthorized bulletins, notices,
or advertisements.
G. Failing to
present DD Form 2885, Personal Commercial Solicitation Evaluation, to service
members solicited or encouraging service members solicited not to complete or
submit a DD Form 2885.
H. Knowingly
accepting an application for life insurance or issuing a policy of life
insurance on the life of an enlisted member of the United States armed forces
without first obtaining for the insurer's files a completed copy of any
required form which confirms that the applicant has received counseling or
fulfilled any other similar requirement for the sale of life insurance
established by regulations, directives, or rules of the DoD or any branch of
the armed forces.
Subp. 2. Other acts or practices.
The following acts or practices when committed on a military installation by an insurer or insurance producer constitute corrupt practices, improper influences, or inducements and are declared to be false, misleading, deceptive, or unfair:
A. Using DoD
personnel, directly or indirectly, as a representative or agent in any official
or business capacity with or without compensation with respect to the
solicitation or sale of life insurance to service members.
B. Using an insurance producer to participate
in any United States armed forces sponsored education or orientation
program.
Statutory Authority: MS s 45.023; 79A.19
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