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Office of the Revisor of Statutes

SF 1045 Senate Long Description

2E Relating to commerce; regulating continuing education requirements for insurance coverages, crop insurance adjusters, and real estate appraisers; defining classroom, distance learning, and self-study courses; qualifying certain approved professional designation coursework for insurance producers; specifying certain self-course study verification requirements; expanding use of facilities; modifying limitations on combination policies; modifying certain provisions regarding insurance from unlicensed foreign companies; defining and modifying certain definitions of terms concerning the "Minnesota Surplus Lines Insurance Act"; authorizing that the term "surplus lines insurance" be referred to as nonadmitted insurance and the term licensee be replaced with broker in certain situations; modifying the application process for exempt commercial purchasers; modifying certain requirements for the authorization of a foreign insurer to be a surplus lines insurer; modifying certain provisions relating to health plan subrogation clause regulations, Medicare select policies and certificates, comprehensive health insurance enrollment by eligible persons for preexisting conditions, health care company disclosure of estimated payment and small employer insurance availability of coverage; modifying the cancellations and nonrenewal policies of certain insurers selling life and health insurance; regulating certain crop adjuster licensing requirements and authority; modifying certain workers compensation self-insurers provisions relating to private employers ceasing to be self-insured, purchase of insurance policy from an authorized insurer, and insolvency of a commercial self-insurance group insurer; specifying licensing requirements for real estate closing agents; modifying certain real estate appraisers licensing, prelicense education, and experience requirements; specifying revisor instructions
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