Midterm policy cancellation time requirements amended.

HF 2460 amends Minnesota insurance law to require insurers to provide 60 days' notice before canceling or declining a new policy (under 60 days old) for nonpayment or declining, and before midterm cancellations for reasons listed in statute or per policy terms. This extends the current notice periods from 20 days (for new policies) and 30 days (for midterm cancellations) to 60 days. The bill directly affects individual insurance policyholders in Minnesota who receive cancellation notices. The change ensures policyholders have more time to address issues like payment or coverage before their insurance ends.