Bill > HF1519

This bill requires insurance companies licensed in Minnesota that offer homeowner's insurance to include two specific pieces of information in all of their advertisements, including print, TV, electronic, and radio formats: (1) the total amount the insurance company spent on advertising and marketing during the previous calendar year, and (2) for publicly traded companies, the increase or decrease in their stock prices for the previous calendar year. By mandating these disclosures, the bill aims to provide consumers with additional financial transparency about the insurance companies from which they might purchase homeowner's insurance, potentially helping consumers make more informed decisions by revealing the companies' marketing expenditures and financial performance.

Business and Industry

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1519&ssn=0&y=2025