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SF 2839 Senate Long Description

3E Relating to commerce; making various technical, housekeeping and clarifying changes; regulating commission-splitting, rebates, referral fee and fees; defining market analysis; authorizing certain flexible benefit health plans; modifying requirement and regulations relating to insurance notification, information, issuance, filing, benefits coordination, high-deductible health plan, Medicare supplemental policies, long-term care, insurance rebates, insurance licensing policy, self-insurer, securities rescission, responsible person, policy cancellation notification and the agricultural cooperative health plan for farmers; modifying the catastrophe or emergency situations definition; modifies the gross annual premium requirement for an application for workers' compensation self-insurance; modifying real estate broker, salespersons and closing agents regulations and the real estate appraiser advisory board; modifying the university promise scholarship through the University of Minnesota; establishing a scholarship funding program at the University of Minnesota; exempting certain well contractors and limited well/boring contractors from licensing, registration and bonding; exempting collection agencies from licensing and registration under certain conditions and increasing the collection agency surety bond requirement; modifying the status of liquor sales at certain public places within the boundaries of the University of Minnesota; requiring an insurance pooling adjustment for continuation of health insurance premiums charged for disabled retired local government employees and dependents; modifying requirements for the type of mailed notification to secured creditors required for foreclosure of a mechanics lien on a motor vehicle by lienholders; allowing Douglas county to issue a wine and intoxicating liquor license to the Theatre L'Homme Deiu; instructing the commissioner of commerce to consider the appropriateness in adopting the national association of insurance commissioners 2005 coordination of benefits model regulation; permitting the city of Sauk Rapids to issue a liquor license to the owner of a certain arena located on the Benton county fairgrounds; repealing surcharge disclosure to policyholders, compensation limitation on broker when transaction not completed, disclosure requirements, licensing change of application information and exemption, prohibitions on commission-splitting, rebates, fees, closing agents, exemption from licensure and license procedure and requirements examinations and fees and the small employer flexible benefits plans
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