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MN HF2460

Bill

Status

Introduced

3/17/2025

Primary Sponsor

Leigh Finke

Click for details

Origin

House of Representatives

94th Legislature 2025-2026

AI Summary

  • Increases required notice period for cancellation of policies less than 60 days old or canceled for nonpayment of premium from 20 days to 60 days before the effective cancellation date

  • Extends required notice period for midterm cancellations from 30 days to 60 days before the effective cancellation date

  • Maintains existing 60-day notice requirement for nonrenewals, which must include specific underwriting or other reasons for the action

  • Exempts commercial policies regulated under Minnesota Statutes sections 60A.36 and 60A.37 from these notice requirements

Legislative Description

Midterm policy cancellation time requirements amended.

Last Action

Introduction and first reading, referred to Commerce Finance and Policy

3/17/2025

Committee Referrals

Commerce Finance & Policy3/17/2025

Full Bill Text

No bill text available