HF1519 (Legislative Session 94 (2025-2026))
Homeowner's insurance advertisements regulated.
Related bill: SF2230
AI Generated Summary
The bill H.F. No. 1519 from the Minnesota House of Representatives proposes new regulations on homeowners insurance advertising. It requires insurance companies that offer homeowners insurance in Minnesota to include specific financial information in their advertisements, including:
- The total amount the company spent on advertising and marketing during the previous calendar year.
- If the company is publicly traded, the increase or decrease in its stock price over the previous calendar year.
The bill aims to promote transparency by ensuring consumers have access to this financial information in print, televised, electronic, and radio advertisements. It has been referred to the Committee on Commerce Finance and Policy for further consideration.
Bill text versions
- Introduction PDF file
Actions
Date | Chamber | Where | Type | Name | Committee Name |
---|---|---|---|---|---|
February 25, 2025 | House | Floor | Action | Introduction and first reading, referred to | Commerce Finance and Policy |