MN SF5267

Increasing or revising homeowner's insurance policy deductibles due to claims from natural causes (lightning, rain, wind, hail) is not considered a refusal to renew, reduction in coverage limits, or elimination of coverage.

Insurers may use insured's loss experience including natural causes when determining grounds for nonrenewal, reduction in limits of coverage, or elimination of coverage of homeowner's policies.

When rating property and homeowners insurance, insurers must consider the impact of losses caused by natural causes including lightning, rain, wind, and hail as a relevant factor in determining rates.

Commissioner of commerce may adopt rules specifying grounds for nonrenewal and coverage changes, with monetary penalties up to $500 per occurrence for violations.

Insureds retain the right to appeal nonrenewals to the commissioner of commerce, with policies continuing in force during appeals.