Minnesota SF3291 modifies notice provisions for surplus lines brokers, requiring specific notices for certain insurance policies.

Minnesota SF3291 amends insurance laws by adding a notice requirement for surplus lines brokers. If a broker places homeowners or property insurance on an owner-occupied dwelling through a nonadmitted insurer, the broker must include a notice on the policy stating that the policyholder may be eligible for coverage through the Minnesota Fair Plan. This notice must be printed in at least ten-point type and cannot be covered or concealed.

Minnesota SF3291 modifies notice provisions for surplus lines brokers, requiring specific notices for certain insurance policies.

Minnesota SF3291 amends insurance laws by adding a notice requirement for surplus lines brokers. If a broker places homeowners or property insurance on an owner-occupied dwelling through a nonadmitted insurer, the broker must include a notice on the policy stating that the policyholder may be eligible for coverage through the Minnesota Fair Plan. This notice must be printed in at least ten-point type and cannot be covered or concealed.