MN HF848

Prohibits insurers from refusing to renew or declining to offer homeowner's insurance coverage solely because a property houses day care services for five or fewer children.

Prohibits insurers from refusing to renew, declining coverage, reducing limits, canceling, or charging differential rates for homeowner's policies if the day care provider maintains separate business coverage and operates within licensing capacity.

Allows day care providers to temporarily suspend business coverage policies or riders when temporarily closing or suspending day care services without being required to pay premiums during suspension.

Requires business coverage policy insurers to notify homeowner's policy insurers of temporary suspensions within a specified number of days (number not specified in bill).

Effective January 1, 2022, for all policies issued, sold, or renewed on or after that date.