Modifying certain provisions regulating insurance; modifying the conditions for commissioner of commerce waiver of the waiting period imposed on associations relating to the offering of insurance policies to new members, authorizing waiver of the restriction for associations organized and maintained for a certain number of years; documents to be considered filed upon receipt by the department of commerce; expanding certain enforcement authority of the commissioner to cancellation of company insurance contracts; requiring assumption of liability by another licensed insurer before insurer withdrawal from the state; expanding the authority of statutory lines insurers to insure against loss or damage by sickness, bodily injury or death by accident; requiring insurers to meet solvency and policy form requirements of the commissioner to transact business in the state; restricting certain acquisition activities following the conversion of mutual insurance companies to stock companies; modifying the single assuming insurer trusteed surplus minimum requirement; requiring reinsurance contracts to provide for the payment of reinsurance without diminution in insolvency cases for ceding insurer credit receipt purposes, payments by the reinsurer to be made directly to the ceding insurer, exception; modifying certain annual statement filing requirements; requiring and providing for a plan of merger in the merger or consolidation of insurance corporations, providing for articles of merger for the merger of insurance corporations into a domestic insurance corporation; modifying a certain prohibition on foreign insurer line of business in this state; changing the annual deadline for the filing of crop hail insurance rates; authorizing liquidators to collect from insureds unpaid earned or retrospectively rated premiums due based on the termination of coverage; providing for the liability of reinsurers; eliminating the entitlement of loss claims to a pro rata share; modifying the priority for federal claims and creating new claims priorities for certain unearned premiums and for certain wages due to employees for services performed, limit; modifying certain requirements for the payment of dividends or distributions to shareholders of domestic insurers with insurance holding company systems; providing for certain additional insurance agent license classes; requiring a certain number of hours of classroom study in state insurance laws, regulations and rules for examination eligibility and continuing education requirements purposes, eliminating a certain continuing education credit hour completion time limit; specifying the period of validity of examination results and certain nonresident agent knowledge requirements for licensing purposes; eliminating the restriction on commissioner accrediting of home study continuing education courses; authorizing life insurance funding agreements for programs of financial institutions limited to certain banks, thrifts, credit unions and investment companies; clarifying a certain replacement insurance notice requirement; prohibiting life and health guaranty association coverage for contractual agreements establishing member insurer obligations to provide a book value accounting guaranty for defined contribution benefit plan participants by reference to a portfolio of assets owned by the benefit plan; modifying the calculation of earned premiums for accident and health insurance cancellation purposes; modifying certain supplemental filing requirements of accident and health insurers with fixed indemnity policies; eliminating the long term care insurance policy disclosure requirement relating to the inability to collect benefits based on nonhospitalization before nursing home or home care; defining usual and customary, like service, like article and area for health carrier fees disclosure requirements purposes; modifying the restriction on preexisting condition limits or exclusions for individual health plans; specifying certain disclosure requirements of credit accident and health insurance disability policies relating to noncoverage of the total amount of indebtedness and requiring individual policies or group certificates containing a critical period to make available monthly indemnity benefit payments for a certain minimum period of time for single instances of disability; authorizing the cancellation or nonrenewal of health insurance coverage for fraud or misrepresentation by the enrollee; clarifying the definition of direct written premiums for joint underwriting association member general assessment purposes; expanding the definition of qualifying coverage under the small employer health benefit act to health plans and requiring plan variations to comply with requirements for health plan companies; providing for compensation for public directors on the board of directors of the health coverage reinsurance association; extending the deadlines for health plan companies establishment of enrollee informal complaint resolution processes and for commissioner of health establishment of an expedited fact finding and dispute resolution process; clarifying certain qualified long term care insurance provisions; modifying a certain exception to the scope of the Minnesota standard fire insurance policy; modifying certain notice requirements for termination or cancellation of fire or homeowners insurance and clarifying the definition of homeowners insurance; clarifying a certain basic economic loss benefits coverage requirement under no-fault automobile insurance; requiring a separate notice of coverage with applications for motorcycle insurance without personal injury protection (PIP) coverage; modifying the rental vehicle collision damage waiver exclusions restriction; expanding discriminatory practices relating to the use of HIV test results to qualified long term care insurers; requiring the payment of license or permit fees to the commissioner in lieu of the state treasurer and eliminating a certain examination fee forfeiture requirement; modifying the definition of common claims fund and defining diminutive applicants for workers compensation self insurance purposes; increasing the membership of the workers compensation self insurers advisory committee, making the certified public accountant (CPA) self insurers security fund retention requirement optional and clarifying a certain financial data review requirement relating to self insurance certificate revocation recommendations; requiring and providing for application to self insure by additional applicants wishing to join a group previously authorized to self insure; modifying certain workers compensation self insurers report filing requirements; providing for refund of certain self insurance fund excesses to members; making certain financial requirements annual; specifying certain additional obligations of private employers ceasing to be self insured, authorizing insurance policy purchase; authorizing private employers currently self insured to purchase insurance in lieu of maintaining a security deposit; modifying certain commercial self insurance group documentation and reporting requirements; repealing the authority of domestic insurance companies to invest in certain data processing systems, the prohibition on reduction of amounts recoverable by liquidators from reinsurers resulting from delinquency proceedings and certain provisions providing for insurance agent procurement of risk insurance and including mobile home insurance in the definition of homeowners insurance for cancellation or nonrenewal purposes and a certain rule (Ch. 177, 1999)