Minnesota Session Laws - 1996, Regular Session

  
    
KEY: 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 plan No 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.