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 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 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.

The bill also introduces new provisions regarding the coverage limits and conditions under which these insurance policies operate. For instance, it specifies that the limit of liability for uninsured and underinsured motorist coverages cannot be combined across multiple vehicles for a single accident. Furthermore, it clarifies that these coverages do not apply to bodily injury of the insured while occupying their own vehicle or motorcycle unless it is an insured motor vehicle. 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