Bill > SF3610

This bill, also known as the "Family Protection Act," clarifies the permitted and prohibited exclusions in property and casualty insurance policies, such as boat insurance and personal umbrella policies. It defines "insured" to include the named insured, their spouse, other relatives residing in the same household, and minors in the custody of the named insured or a relative. The bill prohibits exclusions that limit liability solely based on the injured person being a resident or member of the insured's household or related to the insured by blood or marriage. It allows for "permitted exclusions" related to fraud, intentional or criminal conduct, and other exclusions permitted by law. The bill also requires insurance companies to obtain approval from the Commissioner of Commerce before increasing premiums due to this new law.

Business and Industry

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF3610&ssn=0&y=2017