Homeowner's insurance advertisements regulated.
This bill requires Minnesota-licensed homeowner insurers to disclose two specific financial details in all advertising (print, TV, digital, radio): (1) their total prior-year advertising and marketing spending, and (2) for publicly traded companies, their stock price change during the previous year. It directly affects all insurance companies offering homeowner coverage in Minnesota, particularly publicly traded firms due to the stock price requirement. The law mandates these disclosures to be included in every advertisement, without altering insurance rates or coverage terms. The provisions aim to provide consumers with transparent financial information about insurers' marketing and market performance.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2025
Last action Feb 26, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Feb 26, 2025
Introduced
Introduction and first reading, referred to Commerce Finance and Policy
lower
1 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
P
Mike Howard
DDemocratic-Farmer-Labor
Co
Emma Greenman
DDemocratic-Farmer-Labor
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