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MN HF1519

Bill

Status

Introduced

2/26/2025

Primary Sponsor

Michael Howard

Click for details

Origin

House of Representatives

94th Legislature 2025-2026

AI Summary

  • Requires insurance companies licensed in Minnesota offering homeowner's insurance to include specific disclosures in all print, televised, electronic, and radio advertisements

  • Mandates disclosure of the total amount the insurance company spent on advertising and marketing during the previous calendar year

  • Requires publicly traded insurance companies to also disclose the increase or decrease in their stock prices for the previous calendar year

  • Creates new section 72A.329 in Minnesota Statutes governing homeowner's insurance advertising requirements

Legislative Description

Homeowner's insurance advertisements regulated.

Last Action

Introduction and first reading, referred to Commerce Finance and Policy

2/26/2025

Committee Referrals

Commerce Finance & Policy2/26/2025

Full Bill Text

No bill text available