SF 1109

Introduction - 94th Legislature (2025 - 2026)

Posted on 04/02/2025 08:54 a.m.

A bill for an act
relating to insurance; requiring insurance companies to accept an individual
taxpayer identification number on insurance coverage applications; amending
Minnesota Statutes 2024, section 60A.07, by adding a subdivision.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2024, section 60A.07, is amended by adding a subdivision
to read:

new text begin Subd. 12. new text end

new text begin Social Security number and individual taxpayer identification number. new text end

new text begin If
an insurance company requires a new customer to provide a Social Security number on an
application for insurance coverage, the insurance company must accept an individual taxpayer
identification number in lieu of a Social Security number. The insurance coverage application
must indicate that the insurance company accepts an individual taxpayer identification
number.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective January 1, 2026, and applies to insurance
coverage offered, issued, or renewed on or after that date.
new text end