language to be deleted (2) new language
stricken= old language to be removed underscored = new language to be added CHAPTER 337-H.F.No. 168 An act relating to insurance; modifying requirements related to nonrenewal of homeowner's insurance; amending Minnesota Statutes 1994, section 65A.29, subdivision 11. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1. Minnesota Statutes 1994, section 65A.29, subdivision 11, is amended to read: Subd. 11. [NONRENEWAL PLAN.] Every insurer shall establish a plan that sets out the minimum number and amount of claims during an experience period that may result in a nonrenewal. A clear and concise written statement of this plan must be provided to the insured when any future losses may result in nonrenewal of the policy. The planNo homeowner's insurance policy may be nonrenewed based on the insured's loss experience unless the insurer has sent a written notice that any future losses may result in nonrenewal due to loss experience. Any nonrenewal of a homeowner's insurance policy must, at a minimum, comply with the requirements of subdivision 8 and the rules adopted by the commissioner. Sec. 2. [EFFECTIVE DATE.] Section 1 is effective January 1, 1997, and applies to policies issued or renewed on or after that date. Presented to the governor March 18, 1996 Signed by the governor March 19, 1996, 4:00 p.m.
Official Publication of the State of Minnesota
Revisor of Statutes