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HF 978

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:43am

KEY: stricken = removed, old language.
underscored = added, new language.
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Bill Text Versions

Engrossments
Introduction Posted on 02/18/2009

Current Version - as introduced

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; prohibiting automobile insurers from owning repair
facilities; amending Minnesota Statutes 2008, section 72A.20, by adding a
subdivision.

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

Section 1.

Minnesota Statutes 2008, section 72A.20, is amended by adding a
subdivision to read:


new text begin Subd. 40. new text end

new text begin Interest in repair facility. new text end

new text begin No insurer that offers an automobile insurance
policy in this state shall hold or acquire any ownership interest in a business that repairs or
replaces the nonmechanical exterior or interior body parts of a damaged motor vehicle.
For purposes of this subdivision, "insurer" includes an affiliate of the insurer as defined in
section 72A.491, subdivision 3.
 new text end

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

new text begin Section 1 is effective the day following final enactment.
 new text end