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SF 404

1st Engrossment - 86th Legislature (2009 - 2010) Posted on 02/09/2010 02:12am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Rtf

Bill Text Versions

Engrossments
Introduction Posted on 02/02/2009
1st Engrossment Posted on 03/12/2009

Current Version - 1st Engrossment

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12
1.13 1.14

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:

Section 1.

Minnesota Statutes 2008, section 65A.29, is amended by adding a
subdivision to read:


new text begin Subd. 13. new text end

new text begin Notice of possible cancellation. new text end

new text begin 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."
 new text end

Sec. 2. new text begin EFFECTIVE DATE.
new text end

new text begin This act is effective January 1, 2010.
 new text end