SF 1119

as introduced - 90th Legislature (2017 - 2018) Posted on 02/21/2017 08:33am

A bill for an act
relating to commerce; restricting underwriting for automobile insurance; amending
Minnesota Statutes 2016, section 72A.20, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2016, section 72A.20, is amended by adding a subdivision
to read:

new text begin Subd. 23a. new text end

new text begin Automobile insurance underwriting. new text end

new text begin No insurer that offers an automobile
insurance policy in this state may use an underwriting standard or guideline in determining
rates other than the:
new text end

new text begin (1) value of the automobile;
new text end

new text begin (2) miles driven on average; and
new text end

new text begin (3) driving record of the applicant or insured.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for policies issued or renewed on or after
July 1, 2017.
new text end