This bill aims to enhance consumer protection for senior citizens and disabled persons by allowing them to recover benefits from insurers under disability or long-term care policies. It amends Minnesota Statutes 2024, section 325F.71, by adding definitions and clarifying the terms related to insurance policies. Notably, the bill introduces a new definition for "insurance policy," which encompasses written agreements that provide income benefits due to temporary or permanent disability or long-term care, specifically for senior citizens and disabled individuals.

Additionally, the bill establishes a new subdivision that outlines the conditions under which private remedies are available to senior citizens and disabled persons. It specifies that these individuals can seek remedies if they can demonstrate that an insurer either lacked a reasonable basis for denying benefits or acted with reckless disregard for the absence of such a basis. This legislative change aims to provide greater accountability for insurers and ensure that vulnerable populations receive the benefits they are entitled to under their policies.

Statutes affected:
Introduction: 325F.71