Bill > SF5267

This bill amends Minnesota insurance laws to authorize insurers to use certain weather-related losses, such as those caused by lightning, rain, wind, and hail, for purposes of underwriting and rating homeowner's insurance policies. Specifically, the bill clarifies that increasing or revising a homeowner's insurance policy deductible due to claims arising from natural causes is not considered a refusal to renew, a reduction in coverage limits, or an elimination of coverage. The bill also allows insurers to consider the impact of losses caused by natural causes when determining rates and rating methods for property and homeowner's insurance.

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https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF5267&ssn=0&y=2023