MN HF2245

Creates the Minnesota Lifeline Insurance Program requiring the commissioner of commerce to establish affordable motor vehicle insurance for low-income drivers to reduce uninsured motorists and promote public safety.

Eligibility requires applicants to be Minnesota residents with gross annual household income not exceeding 300 percent of the federal poverty level, continuous driver's license for three years, medical insurance covering hospitalization and emergency services, and no serious motor vehicle violations or at-fault accidents in the preceding three years.

Low-cost policies must provide six or 12-month coverage including $10,000 in basic economic loss benefits, $20,000/$40,000 bodily injury liability, $10,000 property damage liability, and $20,000/$40,000 uninsured/underinsured motorist coverage.

Commissioner determines premiums for the first two years based on rate data and public comment; facility assumes premium-setting authority in year three subject to commissioner approval, with premiums in the highest-cost geographic area capped at 100 percent higher than the lowest-cost area.

Appropriates unspecified funds in fiscal year 2024 from the general fund to the commissioner of commerce for program development.