Surcharge Rate Reduced to 0.5 Percent Effective July 1, 2013
Minnesota Statute 297I.06, subd. 1 was amended to reduce the surcharge on homeowners’ insurance policies, commercial fire and commercial nonliability insurance policies from 0.65 percent to 0.5 percent beginning July 1, 2013.
The new rate is effective for policies issued or renewed on or after July 1, 2013.
Form IG261, Fire Safety Surcharge Return, has been updated to reflect this change.