HF 5173 Summary

• Commissioner of commerce must establish the Minnesota Lifeline Insurance Program to provide affordable motor vehicle insurance to low-income Minnesota drivers and reduce uninsured motorists.

• Eligible applicants must be Minnesota residents with continuous driver's licensure for three years, demonstrate all household members have qualified health coverage, and meet driving history requirements including no serious moving violations or at-fault accidents involving bodily injury within three years.

• Low-cost policies must include basic economic loss benefits with minimum $5,000 coverage, bodily injury liability of $30,000/$60,000, property damage liability of $10,000, and uninsured/underinsured motorist coverage of $25,000/$50,000.

• The facility must determine rates based on historical loss data, actual program losses, geographic location, and public comment, and set rates adequate to cover claims and program expenses including administration, underwriting, and claims adjusting.

• Commissioner must issue annual reports by March 1 comparing program premium rates with market rates and recommending legislative modifications; appropriations provided for program establishment and outreach in fiscal year 2025.