MN HF2024

Modifies reinsurance intermediary license fees and removes restrictions preventing licensees from continuing business while renewal applications are pending after October 15 of the renewal year.

Expands the workers' compensation market competitiveness report requirement to include market information such as number of carriers, market shares, loss-cost multipliers, residual market, and self-insurance data.

Increases the minimum surety bond requirement for dealers from $25,000 to $0-$200,000 range and adjusts complex property appraisal thresholds from $250,000 to $400,000 for licensed residential real property appraisers.

Requires dealers to notify the commissioner within ten days of terminating a dealer representative based on violations of chapter 80G, and requires lead generators to disclose they do not provide credit services but only refer consumers to other companies.

Establishes a working group to review language barriers affecting creditors, debt collectors, and limited English proficient communities, with a report due January 1, 2022, and allows collection agency employees to work from home through May 31, 2022.