Minnesota Administrative Rules
Agency 120 - Commerce Department
Chapter 2795 - INSURANCE AGENTS
Part 2795.1700 - REFUNDS
Universal Citation: MN Rules 2795.1700
Current through Register Vol. 49, No. 13, September 23, 2024
An agent who receives a request for cancellation of a policy must make the refund or initiate the refund procedures with the insurer, within ten days of the agent's receipt of the request. An agent who receives a refund from an insurer for the account of, or for delivery to, an insured or former insured, must deliver or mail the refund, or cause it to be delivered or mailed to the insured or former insured within five days of receipt.
Statutory Authority: MS s 60A.17
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