1.1 	A bill for an act
1.2 	relating to insurance; regulating township mutual fire insurance company 
1.3 	combination policies;amending Minnesota Statutes 2010, section 67A.191.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2010, section 67A.191, is amended to read:
1.6 	67A.191 COMBINATION POLICIES.
1.7 		Subdivision 1.Qualified risks. A township mutual fire insurance company may 
1.8 	issue an insurance policy for qualified and secondary property as defined in section 
1.9 	67A.14, subdivision 1, in combination with a policy issued by an insurer authorized to 
1.10 	sell property and casualty insurance in this state. The portions of the combination policy 
1.11 	issued by a township mutual insurance company, including those that insure dwellings, 
1.12 	whether or not owner occupied, are excluded from all provisions of the insurance laws 
1.13 	of this state as provided in section 67A.25, subdivision 2.
1.14 		Subd. 2.Homeowner's risks. A township mutual fire insurance company may 
1.15 	market and issue policies known as "homeowner's insurance" as defined in section 
1.16 	65A.27, subdivision 4, only in combination with a policy issued by an insurer authorized 
1.17 	to sell property and casualty insurance in this state. All portions of the combination policy 
1.18 	providing homeowner's insurance, including those issued by a township mutual insurance 
1.19 	company, are subject to the provisions of chapter 65A and sections 72A.20 and 72A.201.

1.20 	EFFECTIVE DATE. This section is effective the day following final enactment, 
1.21 	and does not apply to losses incurred before that date.