summary
Introduced
03/08/2018
03/08/2018
In Committee
03/15/2018
03/15/2018
Crossed Over
Passed
Dead
05/20/2018
05/20/2018
Introduced Session
90th Legislature 2017-2018
Bill Summary
Affinity group coverages and insurance fraud regulated.
AI Summary
This bill amends several sections of Minnesota Statutes to regulate affinity group coverages and insurance fraud. The key provisions are:
1. It expands the types of insurance policies that are considered "affinity program" policies to include not only private passenger vehicle and homeowner's insurance, but also other individually underwritten policies issued under section 60A.06, subdivision 1, clause (10) or (12), as well as commercial policies as defined by the Commissioner in rule.
2. It allows an insured to be transferred to an affiliate of the insurer, provided the affiliate complies with certain requirements, without triggering the non-renewal notice requirement.
3. It prohibits individuals convicted of or pleading guilty to insurance fraud under state or federal law from enforcing contracts for services eligible for no-fault automobile insurance reimbursement, though this sanction can be extinguished after 5 years upon application to the district court.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Motion prevailed (on 05/10/2018)
Official Document
bill text
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bill summary
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bill summary
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