Relating to insurance; expanding and clarifying the provision requiring notice to covered persons of cancellation of group health insurance coverage; expanding the provision regulating assumption transactions to certain other agreements, plans or arrangement under certain conditions and certain rate change notice content requirements of insurance plans; requiring health and accident insurers to notify covered persons upon ceasing to add new insureds to the group with instructions for transfer to a similar policy or contract; clarifying a certain provision requiring written verification to survivors of the cost of continuation benefits by insurers, nonprofit health service plan corporations or health maintenance organizations (HMO); expanding the provision requiring health insurance and medicare supplement policy coverage for diagnostic procedures for cancer to digital rectal examinations and prostate specific antigen (PSA) tests and related office visits; requiring applicants for medicare supplement policies or certificates to designate persons to receive notice of lapse or termination due to nonpayment before policy or certificate issuance or to sign a waiver of the requirement, specifying certain designation and waiver statement content and insurer notice requirements; requiring health carriers electing to cease doing business in the individual health plan market to submit to the commissioner of commerce a complete list of terminated policyholders upon cessation and requiring notice to policyholders of the existence of the Minnesota comprehensive health association (MCHA) with procedures for coverage and the telephone numbers at the departments of health and commerce for information about private individual or family health coverage; increasing the time limit for notice of cancellation or reduction of automobile insurance; specifying certain capital and surplus requirements of insurers issuing motor vehicle service contracts and expanding certain conditions for policy issuance; requiring medical expense benefits under no-fault automobile insurance policies to include reimbursement for psychological expenses and increasing the weekly maximum disability and income loss benefits; including failure to provide written notice to insureds of liability claims paid on policies of the insureds as an unfair automobile insurance claims settlement practice; modifying certain provisions regulating workers compensation self insurance; clarifying the requirement for private workers compensation self insuring employers to annually secure payment liabilities and increasing the amount of minimum deposit authorized to be used to secure the liabilities; creating an exception to the minimum security requirement; modifying certain requirements for the perfection of security, declaration of bankruptcy and security deposits; authorizing and providing insolvent insurers to obtain replacement insurance policies (ra)