All Insurance Legislation - Minnesota

Relating to insurance, enacting and modifying the viatical settlement model act of the national association of insurance commissions; regulating viatical (life insurance) settlements; defining stranger originated life insurance (STOLI); requiring a provider or broker license; requiring agent licensing; providing for life insurance providers to meet licensing requirements under certain conditions; specifying application to commerce commissioner for agent licensing; specifying disclosure requirements; providing for commissioner investigation provisions; permitting legal entity licensing; requiring consent to service of process; specifying a duty to supplement information and requiring training; providing for license revocation and denial; providing for approval of viatical settlement contracts and disclosure statements; specifying reporting requirements and privacy provisions; providing for examinations and investigations;[...]

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"Life Settlements Act"; relating to insurance; regulating life settlements, providing enforcement and prescribing penalties and civil remedies; defining certain terms including stranger originated life insurance (STOLI); specifying certain provider or broker licensure qualification and application requirements, exceptions; authorizing the commissioner of commerce to suspend, revoke or refuse to renew a license under certain conditions; regulating life settlement contracts; specifying certain provider reporting requirements for policies settled during a certain period of time, providing for nondisclosure of identity, exceptions; authorizing the commissioner to examine the business and affairs of any licensee or application for a license; regulating advertising by a broker or provider; specifying certain disclosure requirements; specifying certain general rules for life settlement contracts; authorizing the commissioner [...]

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2E Providing for the release of school employee insurance board claims data; creating a Minnesota school employee insurance pool for purpose of providing school employee insurance plans; requiring audit by the legislative auditor and commissioner of commerce plan approval; creating the Minnesota school employee insurance board as a nonprofit public corporation to govern the pool, specifying certain membership requirements and certain duties of the board relating to the design and nature of the plans; requiring and providing for board membership in and assessments to the Minnesota comprehensive health association (MCHA); requiring the board to report to the legislature and to commissioner of commerce by a certain date on pool final design, governance and to periodically report performance; requiring a pool actuarial study; clarifying that the board is a government entity and is subject to data practices laws; providing statutory

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3E Relating to construction codes ARTICLE 1 - REVISOR'S INSTRUCTION Providing an instruction to the revisor of statutes for certain Minnesota rules ARTICLE 2 - CONSTRUCTION CODES AND LICENSING Transferring the responsibilities of the commissioner of administration relating to the state building code, construction of low cost manufactured home park storm shelters, manufactured homes and statutory warranties of dwelling and home improvements to the commissioner of labor and industry, the responsibilities of the commissioner of health relating to the state plumbing code and licensing and water conditioning contractors and installers to the commissioner of labor and industry, the responsibilities of the commissioner of commerce relating to residential contractors, remodelers, residential roofers, manufactured home installers and the contractors recovery fund to the commissioner of labor and

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1E Relating to taxation ARTICLE 1 - INCOME AND FRANCHISE TAXES Modifying the determination of debt under the revenue recapture act; requiring birth dates to be included in income tax returns; modifying withholding statement requirements by electronic means provisions; clarifying regulated investment companies requirement to file reports with the commissioner of revenue; prescribing penalties for partnership of S corporation filing with an incorrect tax identification number; clarifying penalties for excessive property tax refunds; requiring tax preparers identification numbers; clarifying a work opportunity credit provision; modifying the bovine testing credit; modifying the inflation adjustment for the dependent care credit and working family credit; modifying the inflation adjustment for the alternative minimum tax on preference items; modifying the definition of dependent for property tax refund purposes;[...]

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2E Regulating the business of credit counseling and debt management services; clarifying debt management services providers under commissioner of commerce regulatory authority; defining certain terms; requiring debt management service providers to be registered after a certain date, requiring current licensed debt proraters to renew licenses as debt management service providers, allowing continuance for certain unlicensed debt proraters; requiring registration application to the commissioner of commerce in writing, providing for term and scope of registration, fees, surety bond, condition of bond, right of action on bond and a registrant list; requiring commissioner consent for registration transfers and assignments; requiring annual registration renewal and prescribing registrant duties; specifying registration denial conditions; authorizing the commissioner to suspend, revoke or refuse to renew registrations under certain

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2E Relating to commerce; regulating motor vehicle retail installment fees, insurance fees, coverages, contracts, filings and forms; regulating financial planners, real estate appraisers, limited broker licenses, domestic mutual insurance companies, joint underwriting associations, service contracts and collection agencies; making technical and clarifying changes; increasing documentary or documentary administration fees for motor vehicle retail installment sales; defining motor vehicle manufacturer and regulating motor vehicle service contracts issued by motor vehicle manufacturers covering private passenger automobiles; changing service contract to include towing, rental and road service and hazard protections; specifying initial reinsurance intermediary license duration requirements; modifying duties of insurers using agents or brokers in a life insurance or annuity sale; clarifying changes for accident and health [...]

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1E Relating to transportation; requiring the commissioner of transportation (DOT) to consider certain insurance standards when reviewing data and information for the development of safety improvements for trunk highways and state aid projects; modifying the definitions of passenger automobile, special mobile equipment and commercial motor vehicle; reclassifying certain trucks and vans for motor vehicle registration purposes; defining spotter trucks, regulating use and prescribing method of registration; modifying provisions relating to registration and use of special mobile equipment; requiring the commissioner of public safety to impose a motor vehicle registration tax on mobile equipment permanently or temporarily mounted to a commercial motor vehicle chassis under certain conditions; requiring the commissioner of transportation in cooperation with the metropolitan council to study possible adoption of a complete [...]

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HF 1208 SIXTH ENGROSSMENT Construction code and licensing provisions modified, penalties and enforcement provided, statutes recodified, and money appropriated. ARTICLE 1: REVISOR'S INSTRUCTION Section 1: Revisor's instruction language provided. ARTICLE 2: CONSTRUCTION CODES AND LICENSING Section 1: State fire code rulemaking authority language modified. Section 2: Definitions provided. Section 3: Powers language provided. Section 4: Deposit of money language provided. Section 5: Bonds language provided. Section 6: Commissioner not subject to subpoena language provided. Section 7: Appointment and first meeting of boards language provided. ARTICLE 3: ENFORCEMENT Section 1: Definitions provided. Section 2: Enforcement language provided. Section 3: Amount of penalty; contents of administrative [...]

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