as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:43am
Engrossments | ||
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Introduction | Posted on 02/18/2009 |
A bill for an act
relating to insurance; prohibiting automobile insurers from owning repair
facilities; amending Minnesota Statutes 2008, section 72A.20, by adding a
subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2008, section 72A.20, is amended by adding a
subdivision to read:
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No insurer that offers an automobile insurance
policy in this state shall hold or acquire any ownership interest in a business that repairs or
replaces the nonmechanical exterior or interior body parts of a damaged motor vehicle.
For purposes of this subdivision, "insurer" includes an affiliate of the insurer as defined in
section 72A.491, subdivision 3.
new text end
new text begin
Section 1 is effective the day following final enactment.
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