MN HF3823

Requires insurers or agents to provide a surcharge disclosure statement to applicants for homeowner's insurance policies effective on or after January 1, 2011, before accepting the initial premium payment.

Allows insurers to provide the surcharge disclosure statement on their Web site and notify applicants orally or in writing of its availability, instead of providing a written statement, unless the applicant requests a written version.

Requires insurers or agents to mail or deliver a surcharge disclosure statement or written notice of its availability to named insureds before or with the first renewal notice on or after January 1, 2011.

Prohibits insurers from changing their surcharge plan unless a surcharge disclosure statement or written Web site notice is mailed or delivered to the named insured before the change is made; surcharges cannot be applied to claims that occurred prior to a plan change.

Establishes penalties for non-compliance with the surcharge disclosure requirements under sections 70A.04 and 70A.21, and authorizes the commissioner to adopt rules to implement the section.