as introduced - 92nd Legislature (2021 - 2022) Posted on 02/18/2022 08:53am
A bill for an act
relating to commerce; restricting underwriting for automobile insurance; amending
Minnesota Statutes 2020, section 72A.20, by adding a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2020, section 72A.20, is amended by adding a subdivision
to read:
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An insurer that offers an automobile
insurance policy in Minnesota is prohibited from using an underwriting standard or guideline
in determining rates other than the:
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(1) value of the automobile;
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(2) miles driven on average; and
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(3) driving record of the applicant or insured.
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This section is effective July 1, 2022, and applies to automobile
insurance policies issued or renewed on or after that date.
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