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MN SF5196

Bill

Status

Introduced

3/25/2024

Primary Sponsor

Matt Klein

Click for details

Origin

Senate

93rd Legislature 2023-2024

AI Summary

  • Life insurance companies must provide written annual notices to policyholders for each individual life insurance policy or certificate issued or delivered in Minnesota.

  • Annual notices must include information about the policyholder, the policy, the insured life, and current contact information for the life insurance company.

  • Notices must be provided at least once per calendar year at the policyholder's last known address.

  • 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

Committee Referrals

Commerce and Consumer Protection3/25/2024

Full Bill Text

No bill text available