The Minnesota Senate passed SF3936, extending reinsurance assessment authority for the state. The bill passed through the Commerce and Consumer Protection committee and was re-referred to the Taxes committee before final passage. The legislation extends existing statutory authority related to reinsurance assessments that would otherwise expire or require renewal.

Insurers operating in Minnesota should verify their current reinsurance assessment obligations remain aligned with the extended authority. Compliance teams should monitor for any implementing regulations or guidance from the Minnesota Department of Commerce following this extension. The bill's official source is available through the Minnesota Revisor's Office.