This bill proposes new provisions in Minnesota Statutes, specifically under section 549.275, to ensure that parties with brain injuries receive appropriate legal representation during settlement agreements. It mandates the appointment of an attorney adviser or guardian ad litem in cases where a party may suffer from a brain injury that results in mental or cognitive impairment. The appointed legal representative is tasked with assessing whether the proposed settlement is in the best interest of the affected party, considering factors such as the party's medical history, preferences, and the reasonableness of the settlement. The costs for these legal services are capped at $3,000 and can be covered through the settlement.

Additionally, the bill directs the attorney general to conduct a study on the impact of the 2022 updates to structured settlement laws. This study will analyze various aspects, including the frequency of discretionary and mandatory appointments of legal representatives, the involvement of minors and parties with cognitive impairments, and the outcomes of settlement approvals. The attorney general is required to report the findings to the relevant legislative committees by January 15, 2026, which will help inform future legislative proposals aimed at improving the structured settlement process.