1st Engrossment - 86th Legislature (2009 - 2010) Posted on 02/09/2010 02:12am
A bill for an act
relating to insurance; requiring a notice to applicants for homeowners' insurance;
amending Minnesota Statutes 2008, section 65A.29, by adding a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2008, section 65A.29, is amended by adding a
subdivision to read:
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A written notice must be provided
to all applicants for homeowners' insurance, at the time the application is submitted,
containing the following language in bold print: "THE INSURER MAY ELECT
TO CANCEL COVERAGE AT ANY TIME DURING THE FIRST 60 DAYS
FOLLOWING ISSUANCE OF THE COVERAGE FOR ANY REASON WHICH IS
NOT SPECIFICALLY PROHIBITED BY STATUTE."
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This act is effective January 1, 2010.
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