{"id":31012,"date":"2026-03-23T00:00:00","date_gmt":"2026-03-23T04:00:00","guid":{"rendered":"https:\/\/www.resourcepro.com\/?post_type=bulletin&#038;p=31012"},"modified":"2026-04-01T06:49:46","modified_gmt":"2026-04-01T10:49:46","slug":"new-mn-bulletin-clarifies-filing-rules-for-fortified-homeowners-rate-discounts","status":"publish","type":"bulletin","link":"https:\/\/www.resourcepro.com\/bulletin\/new-mn-bulletin-clarifies-filing-rules-for-fortified-homeowners-rate-discounts\/","title":{"rendered":"New MN Bulletin Clarifies Filing Rules for FORTIFIED Homeowners Rate Discounts"},"content":{"rendered":"\n<p><strong>MN<\/strong>| <a href=\"https:\/\/mn.gov\/commerce-stat\/insurance\/industry\/bulletins\/2026\/administrative_bulletin_2026.1.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Administrative Bulletin 2026-1<\/a> <span style=\"text-decoration: underline;\">instructs <strong>Minnesota homeowners insurers<\/strong> on how to file actuarially justified premium discounts or rate reductions for IBHS FORTIFIED-designated properties under Minn. Stat. \u00a7 65A.298,<\/span> including required SERFF filings, threshold discount levels for the wind\/hail portion of premium, and Commerce\u0092s case-by-case review standards starting March 23, 2026, without disturbing previously approved filings.<\/p>\n\n\n\n<p><strong><span style=\"text-decoration: underline;\">?Key Points:<\/span><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Insurers must file actuarially justified rates and rating plans via SERFF showing FORTIFIED-based discounts and may not use them until 60 days after filing unless approved sooner.<\/li>\n\n\n\n<li>Commerce has set wind\/hail premium discount thresholds of 35% (Fortified Roof + Hail), 38% (Fortified Silver + Hail), and 40% (Fortified Gold + Hail), triggering less scrutiny if met or exceeded.<\/li>\n\n\n\n<li>Discounts below thresholds may require detailed actuarial support, total maximum credit caps cannot limit required FORTIFIED discounts on insurable properties, and the bulletin applies only to filings made on or after March 23, 2026.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><a href=\"https:\/\/mn.gov\/commerce-stat\/insurance\/industry\/bulletins\/2026\/administrative_bulletin_2026.1.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to see MN Administrative Bulletin 2026-1<\/a><\/em><\/strong><\/p>\n","protected":false},"featured_media":22225,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"department":[252],"state":[262],"class_list":["post-31012","bulletin","type-bulletin","status-publish","format-standard","has-post-thumbnail","hentry","department-department-of-insurance","state-minnesota"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/bulletin\/31012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/bulletin"}],"about":[{"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/types\/bulletin"}],"version-history":[{"count":2,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/bulletin\/31012\/revisions"}],"predecessor-version":[{"id":31097,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/bulletin\/31012\/revisions\/31097"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/media\/22225"}],"wp:attachment":[{"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/media?parent=31012"}],"wp:term":[{"taxonomy":"department","embeddable":true,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/department?post=31012"},{"taxonomy":"state","embeddable":true,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/state?post=31012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}