Loading chat...
MN HF2460
Bill
Status
Introduced
3/17/2025
Primary Sponsor
Leigh Finke
Click for details
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