MOVE TO FILE AND USE ADOPTED
Minnesota’s insurance marketplace will never be the same after lawmakers passed legislation that will make it easier for insurers to offer newer and improved products to its customers, according to a statement released by the Insurance Federation of Minnesota.
The bill makes a number of regulatory reforms, including:
Relaxing the terms of the five-year repapering requirement to allow for consumer electronic retrieval of forms from the Internet in lieu of insurers sending out redundant paperwork.
The reforms combined will help reduce an agent’s workload and improve product availability for Minnesotans, IFM said in its statement.
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