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MN HF5314
Bill
Status
Introduced
4/8/2024
Primary Sponsor
Cedrick Frazier
Click for details
AI Summary
- Increases minimum bodily injury liability coverage for single person accidents from $30,000 to $60,000 and for two or more persons from $60,000 to $120,000
- Increases minimum property damage liability coverage from $10,000 to $20,000 per accident
- Doubles uninsured and underinsured motorist coverage minimums from $25,000/$50,000 to $50,000/$100,000 per person/accident
- Requires motorcycle insurance policies to include uninsured and underinsured motorist coverage, with exception that such coverage does not apply to injuries while occupying a motorcycle owned by the insured
- Effective August 1, 2024, for all motor vehicle and motorcycle coverage policies offered, issued, or renewed on or after that date
Legislative Description
Liability and uninsured/underinsured motorist coverage amounts raised, and motorcycle insurance required to include uninsured/underinsured coverage.
Last Action
Introduction and first reading, referred to Commerce Finance and Policy
4/8/2024
Committee Referrals
Commerce Finance & Policy4/8/2024
Full Bill Text
No bill text available