as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to insurance; prohibiting automobile insurers 1.3 from owning repair facilities; amending Minnesota 1.4 Statutes 2002, section 72A.20, by adding a subdivision. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. Minnesota Statutes 2002, section 72A.20, is 1.7 amended by adding a subdivision to read: 1.8 Subd. 37. [INTEREST IN REPAIR FACILITY.] No insurer that 1.9 offers an automobile insurance policy in this state shall hold 1.10 or acquire any ownership interest in a business that repairs or 1.11 replaces the nonmechanical exterior or interior body parts of a 1.12 damaged motor vehicle. For purposes of this subdivision, 1.13 "insurer" includes an affiliate of the insurer as defined in 1.14 section 72A.491, subdivision 3. 1.15 Sec. 2. [EFFECTIVE DATE.] 1.16 Section 1 is effective the day following final enactment.