.................... moves to amend H.F. No. 1394, the delete everything amendment
(H1394DE1), as follows:
Page 5, after line 31, insert:
"Sec. 15. Minnesota Statutes 2010, section 72A.20, subdivision 24, is amended to read:
Subd. 24. Cancellations and nonrenewals.
No insurer shall cancel or fail to renew
an individual life or individual health policy or an individual nonprofit health service plan
subscriber contract for nonpayment of premium unless it mails or delivers to the named
insured policy owner
, at the
address shown on the policy or subscriber contract policy
1.9owner's last known address,
at least 30 days before lapse, final notice of the cancellation
or nonrenewal and the effective date of the cancellation or nonrenewal.
If the named insured is not the policy or subscriber contract owner on an individual
1.12health policy or an individual nonprofit health service plan subscriber contract
, the notice
required by this subdivision must also
be sent to the insured at the
insured's last known
, if any, and to the owner's last known address
Proof of mailing of the notice of lapse for failure to pay the premium before the
expiration of the grace period is sufficient proof that notice required in this subdivision
has been given.
This subdivision does not apply to a life or health insurance policy or contract
upon which premiums are paid at a monthly interval or less and that contains any grace
period required by statute for the payment of premiums during which time the insurance
continues in force."
Renumber the sections in sequence and correct the internal references
Amend the title accordingly