Minnesota Legislature
SF 1567
as introduced - 89th Legislature (2015 - 2016) Posted on 03/12/2015 08:52am
KEY: stricken = removed, old language.
underscored = added, new language.
Current Version - as introduced
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A bill for an act
relating to commerce; requiring an insurer to respond to an agent's request for
reasons for an increase in premiums for a customer; proposing coding for new
law in Minnesota Statutes, chapter 60A.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
new text begin
[60A.180] EXPLANATION FOR PREMIUM INCREASE.
new text end
new text begin
An insurer must respond to an insurance agent's request for reasons for an increase in
insurance premiums for a customer of the insurance agent. The response must be made in
writing within ten days of the request and include a reasonable explanation of the factors
that resulted in the increase in premiums.
new text end