Minnesota Administrative Rules
Agency 120 - Commerce Department
Chapter 2880 - NONRENEWAL OF HOMEOWNERS INSURANCE
Part 2880.0400 - NONRENEWAL NOTICES
Current through Register Vol. 49, No. 13, September 23, 2024
A nonrenewal notice must be on a form approved by the Department of Commerce and the following information must be furnished to the insured on the front of the notice:
A. The specific reasons for the termination, which if based on loss experience must include the date of the loss, the type of loss, and amount of payment.
B. A statement advising the insured of the right of complaint with wording such as: "Minnesota law and rules limit the reasons for which your homeowners insurance policy may be nonrenewed, reduced as to the limits of coverage or coverage eliminated, or for which the policy may be canceled. If you believe this termination notice is in violation of Minnesota law or rule, you may, within 30 days of receiving this notice, send a written letter of complaint to the Commissioner of Commerce."
C. A statement advising the insured of the availability of insurance from the Minnesota Property Insurance Placement Facility with wording such as: "You may be eligible to obtain insurance coverage through the Minnesota Property Insurance Placement Facility. Your agent can assist you in arranging this coverage."
The named insured cannot waive his or her right to receive a nonrenewal notice under the nonrenewal statutes and parts 2880.0050 to 2880.0800.
Statutory Authority: MS s 65A.29
