Subd. 1. Requirement.

All insurance policies filed with the commissioner pursuant to section 72C.11 shall be written in language easily readable and understandable by a person of average intelligence and education.

Subd. 2. Compliance factors.

In determining whether a policy or contract is readable within the meaning of this section the commissioner shall consider, at least, the following factors:

1. (a) the simplicity of the sentence structure and the shortness of the sentences used;
2. (b) the extent to which commonly used and understood words are employed;
3. (c) the extent to which legal terms are avoided;
4. (d) the extent to which references to other sections or provisions of the contract are minimized;
5. (e) the extent to which definitional provisions are incorporated in the text of the policy or contract; and
6. (f) any additional factors relevant to the readability or understandability of an insurance policy or contract which the commissioner may prescribe by rule.