Insurance provisions modification

SF 2457 amends Minnesota's insurance laws to authorize the commissioner of commerce to issue data calls to insurance companies for regulatory oversight, requiring companies to provide specific data within a reasonable timeframe. It classifies all data submitted in response to these calls as "nonpublic" (not subject to public disclosure or subpoena), though the commissioner may create public summaries from the data. The bill also establishes a new regulatory framework for limited long-term care insurance and modifies provisions related to automobile insurance. Additionally, it permits the commissioner to share nonpublic data with the National Association of Insurance Commissioners (NAIC) if the NAIC agrees to maintain it as nonpublic.