Minnesota Statutes
Minn. Stat. § 60A.207 (2026)
Policies To Include Notice
✓ current as of May 2026
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Each policy, cover note, or instrument evidencing nonadmitted insurance from an eligible surplus lines insurer which is delivered to an insured or a representative of an insured shall have printed, typed, or stamped upon its face in not less than 10 point type, the following notice: "THIS INSURANCE IS ISSUED PURSUANT TO THE MINNESOTA SURPLUS LINES INSURANCE ACT. THE INSURER IS AN ELIGIBLE SURPLUS LINES INSURER BUT IS NOT OTHERWISE LICENSED BY THE STATE OF MINNESOTA. IN CASE OF INSOLVENCY, PAYMENT OF CLAIMS IS NOT GUARANTEED." This notice shall not be covered or concealed in any manner.
Notes of Decisions
Cited in 3
cases, 1987–1995 · leading case: Farmers & Merchants State Bank of Pierz v. Bosshart, 400 N.W.2d 739 (Minn. 1987).
Farmers & Merchants State Bank of Pierz v. Bosshart, 400 N.W.2d 739 (Minn. 1987). “5 The Union Indemnity Company policy issued to the Walkers omitted the disclosure stamp required by Minn. Stat. § 60A.207 (1986). Bosshart, likewise, failed to disclose the risk to the Walkers as required by Minn.”
St. Michel v. Burns & Wilcox, Ltd., 433 N.W.2d 130 (Minn. Ct. App. 1988). “Minn.Stat. § 60A.207 (1986). The act also requires that a surplus lines licensee inform an insured that coverage will be placed “with an insurer not licensed in this state and that payment of loss is not guaranteed in the event of insolvency of the eligible surplus lines insurer.”
In Re Burns & Wilcox, Ltd., as Gen. Agent for Agency Mktg. &/or Individually, 54 F.3d 475 (8th Cir. 1995). “Minn. Stat. § 60A.207. The policy binder delivered to Fearing did not contain this statement.”
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