SF 2229

as introduced - 87th Legislature (2011 - 2012) Posted on 03/23/2012 09:18am

A bill for an act
relating to commerce; regulating building and construction contracts; prohibiting
certain agreements to insure; amending Minnesota Statutes 2010, section 337.05,
subdivision 1.

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

Section 1.

Minnesota Statutes 2010, section 337.05, subdivision 1, is amended to read:

Subdivision 1.

Agreements valid.

new text begin (a) Except as otherwise provided in paragraph
(b), new text end sections 337.01 to 337.05 do not affect the validity of agreements whereby a promisor
agrees to provide specific insurance coverage for the benefit of others.

new text begin (b) An agreement or contract provision that requires a party to provide insurance
coverage to another party or a third party for the negligence or intentional acts or omissions
of another party or third party is against public policy and is void and unenforceable.
new text end

new text begin EFFECTIVE DATE; APPLICATION. new text end

new text begin This section is effective the day following
final enactment and applies to agreements entered into on and after that date.
new text end