MN HF2228

Establishes a 13-member task force to evaluate insurance affordability for single-family homes, multifamily rental housing, common interest communities, cooperatives, and small businesses, with appointments due by July 15, 2025

Task force membership includes representatives from the Department of Commerce, four legislators (bipartisan from both chambers), and appointees from organizations including the Insurance Federation of Minnesota, Minnesota Realtors, Housing Justice Center, and a climate science expert

Required review areas include risk mitigation methods, liability laws affecting costs, minimum notice requirements for coverage changes, reinsurance markets, potential expansion of state-supported insurance programs, and factors driving claim costs such as climate, inflation, and fraud

Task force must convene by August 15, 2025 and submit a final report with recommendations and draft legislation to relevant agencies and legislative committees by February 15, 2026

Appropriates $200,000 from the general fund to the Legislative Coordinating Commission for task force administration, available until June 30, 2026