MN SF3393

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

Insurers may provide the surcharge disclosure statement on their website with oral or written notice to applicants, but must provide a written version upon request.

Requires insurers to mail or deliver a surcharge disclosure statement to named insureds before or with the first renewal notice on or after January 1, 2011, unless already provided at application.

Prohibits insurers from changing their surcharge plan without first mailing or delivering notice to the named insured, and prevents surcharges on claims that occurred before a plan change except as allowed under the prior plan.

Establishes violations of this section as violations of section 70A.04, subject to penalties under section 70A.21, and authorizes the commissioner to adopt implementing rules.