Surplus lines brokers notice provisions modifications

SF 3291 modifies notice requirements for surplus lines brokers selling homeowners or property insurance on owner-occupied dwellings under $500,000 (adjusted annually by CPI). The bill requires brokers to clearly print a specific notice on policy documents stating customers may qualify for Minnesota's Fair Plan coverage. This notice must appear in at least ten-point type on the policy face, visible and not concealed. It applies only to these specific property insurance policies and adds to existing notice requirements under sections 60A.207 or 60A.209. The bill does not change insurance coverage availability or rates.