MN HF2494

Doubles minimum liability coverage limits from $30,000/$60,000/$10,000 to $60,000/$120,000/$20,000 for bodily injury per person, bodily injury per accident, and property damage respectively

Increases minimum uninsured/underinsured motorist coverage from $25,000/$50,000 to $50,000/$100,000 per person/per accident, and extends this coverage requirement to motorcycles

Creates enhanced no-fault benefits of $80,000 ($40,000 medical/$40,000 other losses) specifically for traumatic brain injuries, double the standard $40,000 benefit

Establishes a Traumatic Brain Injury Recovery Account funded by a per-vehicle surcharge on auto insurance policies, administered by the Commissioner of Human Services to provide compensation to TBI victims from motor vehicle accidents

Requires arbitration responses within 7 days and mandates standing arbitration committees of at least 24 members to reduce delays; effective date August 1, 2025 for policies issued or renewed thereafter