HF5022

Purpose

This bill aims to remove a barrier for people who do not have a Social Security number (SSN) when applying for insurance. It requires insurers to accept an Individual Taxpayer Identification Number (ITIN) instead of an SSN on insurance coverage applications and to indicate on the application that ITINs are accepted.

Main provisions

• Adds a new subdivision (Subdivision 12) to Minnesota Statutes 2024, section 60A.07, titled “Social Security number and individual taxpayer identification number.”
• If an insurance company asks a new customer for a Social Security number on an insurance coverage application, the company must accept an ITIN in place of the SSN.
• The insurance coverage application must clearly state that the company accepts an ITIN.

Significance and impact

• Expands accessibility to insurance for individuals who do not have an SSN by allowing ITINs to be used instead.
• Creates a clear requirement and public disclosure on applications that ITINs are accepted, reducing potential confusion or barriers during the application process.

How it changes current law

• Adds a new statutory subdivision to Minnesota Statutes 2024 section 60A.07, creating a formal rule about accepting ITINs in place of SSNs on new insurance applications and requiring disclosure on the form.

Potential implications to watch

• Implementation: insurers will need to update intake processes and application forms to reflect ITIN acceptance and ensure staff are aware of the change.
• Privacy considerations: applicants without SSNs may benefit from greater privacy by using ITINs, though the bill text does not detail additional privacy protections.

Relevant Terms - Individual Taxpayer Identification Number (ITIN) - Social Security number (SSN) - insurance coverage applications - Minnesota Statutes 2024 section 60A.07 - Subdivision (Subdivision 12) - insurance companies - apply for insurance - ITIN in lieu of SSN - application disclosure about ITIN acceptance