MN HF4481

Allows either an insured or an insured's assignee to commence arbitration under Minnesota auto insurance law (effective immediately upon enactment).

Establishes that loss occurs at the time of the accident causing injury for purposes of validating an insured's assignment of benefits, rather than when the loss is incurred.

Requires basic economic loss benefits to be paid within 30 days of receiving reasonable proof of loss, or within 15 days if the insurer elects to accumulate claims for periods not exceeding 31 days.

Mandates health providers submit medical expense benefit claims using uniform electronic transaction standards, with payment not due if claims are not received through those standards.

Applies retroactively to assignments executed on or after January 1, 2010.