This bill amends various sections of Minnesota Statutes to address a wide range of issues related to commerce, financial institutions, insurance, and consumer protection. It establishes a budget for the Department of Commerce and allocates funds for the Office of Cannabis Management, with a focus on community renewal grants and support for low-income populations. Key amendments include updates to definitions and regulations concerning loans, insurance policies, and the management of deposit accounts, as well as the introduction of new provisions for the oversight of insurance holding company systems and internationally active insurance groups. The bill also clarifies the roles and responsibilities of the commissioner of commerce, particularly in relation to data collection and regulatory compliance.
Additionally, the bill introduces specific provisions regarding Medicare supplement policies, including enrollment periods and premium adjustments, while enhancing consumer protections in the insurance sector. It establishes a one-time assessment on group health carriers under the Minnesota premium security plan and outlines the management of electric vehicle supply equipment inspections. Other notable changes include the regulation of wage garnishment limits, particularly concerning child support judgments, and the requirement for clear labeling of electricity sales for vehicle fueling. Overall, the legislation aims to modernize existing laws, improve consumer access to services, and ensure the financial stability of various sectors within Minnesota.
Statutes affected: Introduction: 46A.04, 47.20, 47.77, 53B.61, 55.07, 58B.02, 82.63, 334.01, 60A.201, 62A.65, 62D.12, 62D.121, 62J.26, 62Q.73, 65B.02, 65B.05, 65B.06, 65B.10, 72A.20, 60D.09, 60D.15, 60D.16, 60D.17, 60D.18, 60D.19, 60D.20, 60D.217, 60D.22, 60D.24, 60D.25, 62D.221, 62A.31, 62A.44, 60A.052, 62E.21, 62E.23, 62E.24, 62E.25, 62V.06, 297I.20, 297I.40, 41A.09, 45.027, 45.24, 80A.58, 80A.65, 80A.66, 80E.12, 82B.19, 168.27, 216B.40, 216B.62, 239.761, 239.791, 296A.01, 325E.3892, 325F.072, 325G.24, 550.136, 551.06, 571.922