MN SF3287

Caps civil penalties at $25,000 per calendar year unless conduct involves willful violation, and requires commissioners to consider corrective action and reduce penalties accordingly.

Establishes 6-year statute of limitations for enforcement actions against licensees, reduced to 2 years for violations arising from contracts still in force measured from discovery date.

Prohibits commissioner from conducting separate examinations of the same conduct when participating in multistate examinations and restricts actions based on completed multistate exams unless proper procedures are followed.

Requires itemized examination cost bills with quarterly activity detail, 30-day payment terms, and allows companies to request administrative hearings to dispute billing compliance; bars referral to Department of Revenue for collection during hearing pendency.

Limits examinations to 18 months from initial company submission unless material lack of cooperation, multistate involvement, or documented need for additional time exists; requires annual legislative reporting on pending and closed market conduct exams.

Mandates commissioner attempt informal resolution of violations through consent orders or nonpublic letters of reprimand, and prohibits civil penalties for filed rates or forms not disapproved during review process.