HF2389 (Legislative Session 94 (2025-2026))
Data calls authorized, limited long-term care insurance provided and regulated, automobile insurance governing provisions modified, data classified, penalties provided, and technical changes made.
Related bill: SF2457
AI Generated Summary
Purpose of the Bill
The purpose of this bill is to regulate the insurance industry in Minnesota by authorizing specific data gathering methods (data calls), introducing and managing limited long-term care insurance policies, and updating certain laws regarding automobile insurance. The bill also includes provisions for classifying certain data and allows for the implementation of administrative rules and penalties to ensure compliance.
Main Provisions
Data Calls Authorization: The bill authorizes the commissioner of commerce to issue data calls, which are requests for data or information from insurance companies. This is intended for regulatory purposes to oversee the insurance market effectively. The information collected is classified as nonpublic and cannot be subpoenaed.
Limited Long-Term Care Insurance: The bill establishes the definition, scope, and regulation of limited long-term care insurance, which covers services outside hospital acute care for less than 12 consecutive months. The bill sets guidelines on policy creation, marketing, and delivery requirements and specifies what can and cannot be included.
Insurer Duties: Insurers must provide coverage outlines to prospective customers, and applicants can return policies within 30 days for a full refund if unsatisfied. Clear guidelines regarding claims denial and contestability are outlined to protect consumers.
Administrative Rulemaking: The bill empowers the commissioner to adopt rules related to premium adequacy, producer practices, and benefit determinations. It also requires that communication meets accessibility standards for people with disabilities and limited English proficiency.
Significant Changes to Existing Law
Amendments and Repeals: The bill revises sections of the Minnesota Statutes regarding the powers of the commissioner of commerce, specifically focusing on investigations, data collection, and hearings. It repeals a subdivision related to automobile insurance, indicating changes in how these policies are governed.
New Provisions for Long-Term Care Insurance: Introduces a new chapter in Minnesota Statutes for limited long-term care insurance, with detailed requirements for policy standards, including contestability periods, nonforfeiture benefits, and penalties for violations.
Data Classification: Information gained from data calls will be classified as nonpublic, restrictively shared, and not subject to legal requests, emphasizing privacy and the regulated use of collected data.
Relevant Terms
- Data Calls
- Limited Long-Term Care Insurance
- Nonpublic Data
- Commissioner of Commerce
- Administrative Rulemaking
- Insurance Regulation
- Premium Adequacy
- Nonforfeiture Benefit
- Contestability Period
- Penalties for Violations
Past committee meetings
- Judiciary Finance and Civil Law on: April 02, 2025 10:15
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 16, 2025 | House | Floor | Action | Introduction and first reading, referred to | Commerce Finance and Policy |
| March 23, 2025 | House | Floor | Action | Committee report, to adopt as amended and re-refer to | Judiciary Finance and Civil Law |
| March 23, 2025 | House | Floor | Action | Committee report, to adopt as amended and re-refer to | Judiciary Finance and Civil Law |
Citations
[
{
"analysis": {
"added": [
"A new subdivision related to data calls and their handling."
],
"removed": [],
"summary": "This statute provides general powers to the commissioner of commerce, including investigation and regulation duties.",
"modified": [
"Clarified responsibilities and procedures for investigations and hearings under the commissioner's jurisdiction."
]
},
"citation": "45.027"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This section addresses definitions within the domain of automobile insurance.",
"modified": [
"Updated subdivision language to reflect current insurance practices."
]
},
"citation": "65B.02"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Refers to a specific section within Minnesota Statutes related to automobile insurance reporting.",
"modified": [
"Changes made to align reporting requirements with current regulatory standards."
]
},
"citation": "65B.05"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This section delineates requirements for automobile insurance policies, including eligibility and coverage conditions.",
"modified": [
"Subdivisions modified to update coverage requirements and policyholder information procedures."
]
},
"citation": "65B.06"
},
{
"analysis": {
"added": [],
"removed": [
"Repealed an outdated subdivision regarding auto insurance requirements."
],
"summary": "Addresses specific provisions in auto insurance policies.",
"modified": [
"Adjustments made to subdivision concerning policy-issuing guidelines."
]
},
"citation": "65B.10"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Relates to procedures for market conduct analysis.",
"modified": [
"Clarification on the classification and handling of market data calls."
]
},
"citation": "60A.031"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Defines exclusions related to data analysis not covered by the market analysis procedures.",
"modified": [
"Exemptions and clauses concerning data management revised."
]
},
"citation": "60A.033"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Defines classifications of data including `nonpublic data` in the context of commerce regulation.",
"modified": [
"Adjustments made to paragraph definitions to enhance clarity in the handling of regulatory data."
]
},
"citation": "13.02"
}
]