SF2420
Insurers requirement to provide a copy of current policy to the insured
Legislative Session 94 (2025-2026)
Related bill: HF2607
AI Generated Summary
Purpose of the Bill
The purpose of this bill is to enhance transparency and customer service in the insurance industry by ensuring policyholders have access to their current insurance policies upon request.
Main Provisions
- Insurers' Obligations: The bill mandates that insurance companies must provide a copy of the current policy to the insured upon request.
- Delivery Timeline: Insurers are required to provide this copy within 21 days of receiving the request.
- Methods of Delivery: The policy can be delivered in various forms, including paper, electronic, or through a website link.
- Frequency of Requests: Insurers are obligated to fulfill this request only once per policy period.
Significant Changes to Existing Law
This bill introduces a new requirement to the existing Minnesota Statutes, specifically in section 72A.20, by adding a subdivision that formalizes the process and timeline for providing policy copies. This ensures that policyholders have easier access to their insurance documents, which may not have been explicitly outlined in previous legislation.
Relevant Terms
- Insurer
- Policyholder
- Current policy
- Delivery methods (paper, electronic, website link)
- Policy period
Past committee meetings
You must be logged in to view 1 past legislative committee meetings.
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 13, 2025 | Senate | Action | Introduction and first reading | ||
| March 13, 2025 | Senate | Action | Referred to | Commerce and Consumer Protection | |
| Senate | Action | See | |||
| Showing the 5 most recent stages. This bill has 3 stages in total. Log in to view all stages | |||||
Progress through the legislative process
In Committee
Sponsors
You must be logged in to view sponsors.