Bill > SF2455

This bill establishes the Minnesota Lifeline Insurance Program, a low-cost motor vehicle insurance program designed to provide affordable auto insurance for low-income residents. The program will be developed and operated by a state facility in consultation with the Commerce Commissioner, offering six or 12-month policies with specific coverage minimums. To be eligible, applicants must be Minnesota residents with household incomes at or below 300% of the federal poverty level, have qualified health coverage, maintain a valid driver's license for three continuous years, and have a clean driving record without significant accidents or violations. The program will create a dedicated website for applications, set regulated insurance rates, and allow licensed insurance producers to sell the policies with a standard 12% commission. The bill also establishes a funding mechanism through a 10-cent per vehicle surcharge on comprehensive auto insurance policies, which will support marketing and outreach efforts to help eligible residents learn about and enroll in the program. Additionally, the bill appropriates state funds to help establish the program and retain an independent actuary to provide consulting services.

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https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2455&ssn=0&y=2025