Chapter 59B — Scope and Purpose

59B.01 Scope and Purpose This section explains the purpose of Minnesota's service contract law and lists what is exempt. Service contracts cover … 59B.02 Definitions This section defines the key terms used in Minnesota's service contract law. It explains what service contracts, … 59B.03 Requirements for Transacting Business This section sets the requirements for companies that sell service contracts in Minnesota. Providers must register with … 59B.04 Required Disclosures; Reimbursement Insurance Policy This section requires reimbursement insurance policies for service contracts to state that the insurer will pay claims … 59B.05 Required Disclosure; Service Contracts This section requires service contracts sold in Minnesota to be written in clear, easy-to-read language. The contract … 59B.06 Additional Required Disclosure; Service Contracts This section requires service contracts to disclose whether they are backed by reimbursement insurance or only by the … 59B.07 Prohibited Acts This section bans certain deceptive practices by service contract providers. Providers cannot use words like 'insurance' … 59B.08 Record-keeping Requirements This section requires service contract providers to keep accurate business records, including copies of contracts, … 59B.09 Termination of Reimbursement Insurance Policy This section says that an insurer who issued a reimbursement insurance policy for service contracts must give the … 59B.10 Obligation of Reimbursement Insurance Policy Insurers This section says that when a consumer pays for a service contract, the reimbursement insurer is considered to have … 59B.11 Severability Provision This section says that if any part of the service contract law is found to be invalid, the rest of the law still …