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Bill > SF3885


MN SF3885

MN SF3885
Certain insurers authorization to offer paid family leave insurance benefits


summary

Introduced
03/09/2022
In Committee
05/11/2022
Crossed Over
05/11/2022
Passed
Dead
05/23/2022

Introduced Session

92nd Legislature 2021-2022

Bill Summary

A bill for an act relating to commerce; authorizing certain insurers to offer paid family leave insurance benefits; proposing coding for new law as Minnesota Statutes, chapter 63A.

AI Summary

This bill authorizes certain insurance companies licensed in Minnesota to offer paid family leave insurance benefits. The benefits would provide wage replacement for employees taking leave to care for a new child, a family member with a serious health condition, or a family member on active military duty. The bill defines key terms like "family member" and "serious health condition", and outlines the requirements for such insurance policies, including the length of the benefit period, the amount of benefits, and permissible limitations and exclusions. The bill specifies that the state of Minnesota cannot act as an insurer or provider of these benefits, but allows for joint pooling of coverage by employers. The provisions of the bill would take effect on January 1, 2023.

Committee Categories

Business and Industry

Sponsors (5)

Last Action

Senate file first reading, referred to Commerce Finance and Policy (on 05/11/2022)

bill text


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