Minnesota HF3821 modifies the types of vehicles subject to a surcharge for automobile insurance.

Minnesota HF3821 amends the types of vehicles requiring an insurer to pay a surcharge. The bill modifies the definition to include passenger automobiles, pickup trucks, vans, commuter vans, motorcycles, fleets, and recreational vehicles. Insurers must collect a surcharge of 50 cents per vehicle for every six months of coverage on policies providing comprehensive insurance coverage. The surcharge is not considered a premium for tax or commission purposes and must be separately stated on billing or policy declarations. Vehicles with a gross weight over 10,000 pounds are excluded.

Minnesota HF3821 modifies the types of vehicles subject to a surcharge for automobile insurance.

Minnesota HF3821 amends the types of vehicles requiring an insurer to pay a surcharge. The bill modifies the definition to include passenger automobiles, pickup trucks, vans, commuter vans, motorcycles, fleets, and recreational vehicles. Insurers must collect a surcharge of 50 cents per vehicle for every six months of coverage on policies providing comprehensive insurance coverage. The surcharge is not considered a premium for tax or commission purposes and must be separately stated on billing or policy declarations. Vehicles with a gross weight over 10,000 pounds are excluded.