Minnesota HF2235 removes obsolete language and updates assessment rates for insurers.

Minnesota HF2235 removes obsolete language from Minnesota Statutes 2024, section 45.0135, subdivision 7. The bill amends the assessment rates for insurers based on their total assets and total written Minnesota premium. Insurers must remit an assessment to the commissioner for deposit in the insurance fraud prevention account by June 1 each year. The assessment rates vary depending on the insurer's total assets and total written Minnesota premium for the preceding fiscal year.

Minnesota HF2235 removes obsolete language and updates assessment rates for insurers.

Minnesota HF2235 removes obsolete language from Minnesota Statutes 2024, section 45.0135, subdivision 7. The bill amends the assessment rates for insurers based on their total assets and total written Minnesota premium. Insurers must remit an assessment to the commissioner for deposit in the insurance fraud prevention account by June 1 each year. The assessment rates vary depending on the insurer's total assets and total written Minnesota premium for the preceding fiscal year.