Minnesota Session Laws - 2004, Regular Session

                            CHAPTER 202-S.F.No. 2620 
                  An act relating to fire insurance; prescribing certain 
                  notice requirements; amending provisions regulating 
                  township mutual combination policies; amending 
                  Minnesota Statutes 2002, sections 65A.01, subdivision 
                  3c; 67A.191. 
        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
           Section 1.  Minnesota Statutes 2002, section 65A.01, 
        subdivision 3c, is amended to read: 
           Subd. 3c.  [TIME REQUIREMENTS.] (a) In the event of a 
        policy less than 60 days old that is not being renewed declined, 
        or a policy that it is being canceled for nonpayment of premium, 
        the notice must be mailed to the insured so that it is received 
        at least 20 days before the effective cancellation date.  If a 
        policy is being declined or canceled for underwriting 
        considerations, the insured must be informed of the source from 
        which the information was received. 
           (b) In the event of a midterm cancellation, for reasons 
        listed in subdivision 3a, or according to policy provisions, the 
        insured must receive a 30-day notice must be mailed to the 
        insured at least 30 days before the effective cancellation date. 
           (c) In the event of a nonrenewal, a 60-day notice must be 
        sent mailed to the insured at least 60 days before the effective 
        date of nonrenewal, containing the specific underwriting or 
        other reason for the indicated actions. 
           (d) This subdivision does not apply to commercial policies 
        regulated under sections 60A.36 and 60A.37. 
           Sec. 2.  Minnesota Statutes 2002, section 67A.191, is 
        amended to read: 
           67A.191 [COMBINATION POLICIES.] 
           Subdivision 1.  [FARM QUALIFIED RISKS.] A township mutual 
        fire insurance company may issue an insurance policy for 
        qualified and secondary property as defined in section 67A.14, 
        subdivision 1, in combination with a policy issued by an insurer 
        authorized to sell property and casualty insurance in this 
        state.  The portions of the combination policy issued by a 
        township mutual insurance company are excluded from all 
        provisions of the insurance laws of this state as provided in 
        section 67A.25, subdivision 2. 
           Subd. 2.  [HOMEOWNER'S RISKS.] A township mutual fire 
        insurance company may issue policies for known as "homeowner's 
        insurance" as defined in section 65A.27, subdivision 4, only in 
        combination with a policy issued by an insurer authorized to 
        sell property and casualty insurance in this state.  All 
        portions of the combination policy providing homeowner's 
        insurance, including those issued by a township mutual insurance 
        company, shall be subject to the provisions of chapter 65A. 
           Presented to the governor May 13, 2004 
           Signed by the governor May 15, 2004, 9:30 p.m.