The proposed bill aims to enhance the integrity of workers' compensation insurance in Minnesota by establishing specific requirements for certificates of insurance to prevent fraud. It introduces a new section in the Minnesota Statutes, chapter 176, titled "WORKERS' COMPENSATION FRAUD PREVENTION; CERTIFICATES OF INSURANCE." Key provisions include the requirement for every certificate of insurance to feature a scannable QR code that links to original certificate information, such as coverage verification and expiration dates. Additionally, employers must report the number of insured employees and estimated payroll to the commissioner when obtaining a certificate.

Insurers are also mandated to track and report the number of certificates issued and maintain records of employers found to have committed premium fraud or missed renewal audits. The bill empowers the commissioner to enforce these regulations, ensuring compliance and enhancing the overall accountability of the workers' compensation insurance system in Minnesota.