Health insurers premium tax modifications provision

Minnesota Senate File 2352 modifies the state's tax rules for health insurers and health plan companies. It clarifies that "direct business" includes stop-loss insurance for self-funded health plans but excludes reinsurance and self-insurance, and creates a new definition for "health plan company" covering specific health plans while excluding certain corporations. The bill adjusts the tax rate for health maintenance organizations and similar entities to 1% of gross premiums (minus returns) and changes how insurers can offset guaranty association assessments against their premium tax liability. These changes apply to premiums received after December 31, 2025.