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MN SF5196
Bill
Status
3/25/2024
Primary Sponsor
Matt Klein
Click for details
AI Summary
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Life insurance companies must provide written annual notices to policyholders for each individual life insurance policy or certificate issued or delivered in Minnesota.
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Annual notices must include information about the policyholder, the policy, the insured life, and current contact information for the life insurance company.
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Notices must be provided at least once per calendar year at the policyholder's last known address.
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The annual notice requirement is satisfied if the life insurance company provides an annual report to the policyholder in compliance with Minnesota Statutes section 61A.735.
Legislative Description
Life insurance companies and policies requirement to provide certain notices
Last Action
Referred to Commerce and Consumer Protection
3/25/2024