MN HF476

Prohibits boat insurance policies and personal umbrella policies from excluding coverage for household members or relatives of the named insured solely based on their relationship status.

Defines "insured" to include the named insured's spouse, other relatives living in the same household, and minors in their custody, even if temporarily residing elsewhere.

Permits exclusions for fraud, intentional conduct, criminal conduct, and other exclusions allowed by law to remain in effect.

Requires insurance companies seeking premium increases due to this law to obtain approval from the Minnesota commissioner of commerce, who cannot deny requests supported by actuarial and claim data.

Effective the day following final enactment and applies to all policies in effect on or after that date; no policy endorsement or amendment required for compliance.