MN HF3026

Removes homeowners and property insurance on owner-occupied dwellings valued under $500,000 from the list of coverages presumed available from licensed insurers, eliminating the annual Consumer Price Index adjustment requirement

Requires surplus lines brokers placing homeowners or property insurance on owner-occupied dwellings with nonadmitted insurers to print a mandatory notice on the face of the policy in at least ten-point type

The required notice must inform policyholders they may be eligible for coverage through the Minnesota FAIR Plan, which provides property and liability coverage to applicants unable to secure insurance through normal markets

Prohibits covering or concealing the FAIR Plan notice in any manner and specifies this notice is in addition to existing notice requirements under sections 60A.207 or 60A.209