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:
Minnesota Statutes 2016, section 72A.20, is amended by adding a subdivision
to read:
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No insurer that offers an automobile
insurance policy in this state may use 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 for policies issued or renewed on or after
July 1, 2017.
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