2E Modifying certain provisions regulating insurance; modifying the determination of the gross unearned premiums for return to the premium finance company for the account of the insured, specifying a time limit for return after receipt of the cancellation notice; increasing the fee for nonelectronic filing forms and rates and eliminating the filing fee for certain large risk alternative rating option plans; requiring notice to policyholders of nonrenewal due to termination of agency contracts and of the right to renew with the company terminating the contract; extending the validity of risk management services vendors licenses and increasing the fee accordingly; expanding certain viatical settlement provider contract form approval and disclosure requirements to brokers; requiring insurers to implement a comprehensive written information security program including safeguards for the protection of customer information, specifying security program objectives and offering examples of methods of development and implementation or the requirements, designating violations as unfair trade practices; authorizing corporate members of insurance holding company systems to determine the eligibility of persons indemnified as parties to proceedings for advance reimbursement of certain expenses under certain conditions; clarifying certain dental and vision or health plan coverage requirements; modifying certain basic and extended basic medicare supplement plan coverages; excluding inquiries relating to hypothetical or potential claims under fire or homeowners insurance from consideration for nonrenewal purposes; increasing the nonrefundable initial application and renewal fees for no-fault automobile self insurers; requiring insurers to reevaluate the policyholder insurance scores upon request; modifying certain requirements for authorizations to disclose or collect personal or privileged information under the Minnesota insurance fair information reporting act; providing for revision of experience modification factors for certain closed workers compensation claims; modifying certain rate prefiling requirements for insurers filing certifications verifying the use of mutually agreed upon rating plans or rates to write workers compensation insurance for certain large employers, requiring annual refiling of the certifications; increasing the license application fee for data service organizations; modifying certain workers compensation self insurance group financial statement filing and future liability determination requirements; modifying the workers compensation security fund assessment limit and requiring immediate turn over of claim files and data to the security fund; providing for timely filing of actuarial opinions by self insurers terminating self insurance authority, requiring assessment of the expense of the opinions against the self insurers and imposing interest on unpaid outstanding security fund assessments; modifying certain workers compensation commercial self insurance group common claims fund surplus refund requirements and authorizing the groups to provide all states coverage; repealing the requirement for commissioner of commerce approval of advertisements for life insurance contracts providing for the payment of accelerated benefits and certain qualified plans availability requirement under the comprehensive health insurance plan (MCHA)
(ra, ja)