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:
- Total amount spent on advertising and marketing in the previous calendar year.
- 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
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 06, 2025 | Senate | Floor | Action | Introduction and first reading | |
| March 06, 2025 | Senate | Floor | Action | Referred to | Commerce and Consumer Protection |
Progress through the legislative process
In Committee