This bill amends Minnesota Statutes 2024, specifically section 65B.49, to increase the liability and uninsured/underinsured motorist coverage requirements for automobile insurance. The amendments raise the minimum liability coverage limits from $30,000 to $100,000 for injury to one person in an accident, and from $60,000 to $200,000 for injury to multiple persons or property damage. Additionally, the bill introduces new provisions regarding the conditions under which liability insurance must be maintained and clarifies the obligations of reparation obligors in relation to bodily injury and property damage claims.

Furthermore, the bill modifies the requirements for uninsured and underinsured motorist coverages, increasing the minimum limits from $25,000 to $75,000 for one person and from $50,000 to $150,000 for multiple persons in an accident. It also establishes new provisions regarding the limits of liability for these coverages and specifies that the coverage must be maintained for vehicles registered or principally garaged in Minnesota. The effective date for these changes is set for August 1, 2026, applying to all plans of reparation security offered, issued, or renewed on or after that date.

Statutes affected:
Introduction: 65B.49