AI Generated Summary
The bill, H.F. No. 2235, introduced in the Minnesota House of Representatives, aims to amend Minnesota Statutes 2024, section 45.0135, subdivision 7, by removing obsolete language. It pertains to the assessment fees that insurers, including surplus lines carriers, must pay annually to the Insurance Fraud Prevention Account, based on their total assets and Minnesota written premiums from the previous year. The bill specifies different assessment amounts based on financial thresholds and clarifies that risk retention groups and township mutuals are not considered insurers for these purposes.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 11, 2025 | House | Floor | Action | Introduction and first reading, referred to | Commerce Finance and Policy |
| March 11, 2025 | House | Floor | Action | Introduction and first reading, referred to | Commerce Finance and Policy |
Citations
[
{
"analysis": {
"added": [
"Clarifies definition of total written premium for assessment purposes."
],
"removed": [
"Obsolete language related to previous assessment calculations."
],
"summary": "This bill modifies insurance assessment procedures under section 45.0135, subdivision 7.",
"modified": [
"Updated assessment amounts based on insurer's total assets and written premium."
]
},
"citation": "45.0135",
"subdivision": "subdivision 7"
},
{
"analysis": {
"added": [
"Links reporting provisions to new assessment structure."
],
"removed": [],
"summary": "This bill references the reporting requirements for insurers under section 60A.13.",
"modified": []
},
"citation": "60A.13",
"subdivision": ""
}
]