SF2230 (Legislative Session 94 (2025-2026))

Homeowner's insurance advertisements regulation provisions

Related bill: HF1519

AI Generated Summary

This bill, Minnesota Senate File No. 2230, proposes new regulations for homeowners insurance advertisements. It requires insurance companies licensed in Minnesota that offer homeowners insurance to disclose specific financial information in their advertisements, including:

  1. Total amount spent on advertising and marketing in the previous calendar year.
  2. Stock price changes (increase or decrease) for the previous calendar year, if the company is publicly traded.

The bill is intended to enhance transparency in homeowners insurance advertising and would be added to Minnesota Statutes Chapter 72A.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 05, 2025HouseFloorActionIntroduction and first reading
March 05, 2025SenateFloorActionIntroduction and first reading
March 05, 2025HouseFloorActionReferred toCommerce and Consumer Protection
March 05, 2025SenateFloorActionReferred toCommerce and Consumer Protection