This bill introduces 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 representative is tasked with independently assessing the proposed settlement's best interests for the affected party, considering their medical history and dependents. The bill also outlines the factors that the adviser or guardian must evaluate, including the party's preferences, the reasonableness of the settlement, and its impact on the party's ability to support themselves and their dependents. Additionally, the costs for these services are capped at $3,000 and can be covered through the settlement.

Furthermore, the bill directs the attorney general to conduct a study on the impact of the 2022 updates to the structured settlement laws. This study will involve a comprehensive review of cases under the new laws, focusing on various aspects such as discretionary and mandatory appointments, cases involving minors or 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 assess the effectiveness of the changes and inform future legislative proposals regarding structured settlement transfers.