2025 Session
Last amended: 1967 session
§ 72A.17 — Purpose of Sections 72a.17 to 72a.32
Plain-Language Summary
The purpose of sections 72A.17 to 72A.32 is to regulate unfair trade practices in the insurance business as required by federal law.
72A.17 PURPOSE OF SECTIONS 72A.17 TO 72A.32.
The purpose of sections 72A.17 to 72A.32 is to regulate trade practices in the business of insurance in accordance with the intent of Congress as expressed in the Act of Congress of March 9, 1945 (Public Law 15, 79th Congress), by defining, or providing for the determination of, all such practices in this state which constitute unfair methods of competition or unfair or deceptive acts or practices and by prohibiting the trade practices so defined or determined.
History:
History: History:
1967 c 395 art 12 s 17
Practical Notes
These sections implement the federal McCarran-Ferguson Act for Minnesota.