Bill > SF2420

This bill amends Minnesota insurance law by requiring insurers to provide a copy of a current insurance policy to the policyholder upon request. Specifically, when an insured person requests a copy of their current policy, the insurance company must deliver that policy within 21 days. The policy can be provided in multiple formats, including a paper copy, electronic document, or via a website link. The bill limits this requirement to one free policy copy per policy period, ensuring that insurers are not overwhelmed with repeated requests while still giving policyholders a reasonable opportunity to review their current coverage. This provision aims to improve transparency in the insurance industry by making it easier for consumers to access and understand the details of their insurance policies, which can help prevent misunderstandings about coverage and encourage more informed decision-making by policyholders.

Business and Industry

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2420&ssn=0&y=2025