Minnesota SF2455 creates a low-cost motor vehicle insurance program for low-income residents.

Minnesota SF2455 mandates the commissioner of commerce to establish a low-cost motor vehicle insurance program for low-income residents. The program, called the Minnesota Lifeline Insurance Program, offers policies with basic economic loss benefits and other coverages. Eligible applicants must be Minnesota residents with a household income at or below 300% of the federal poverty level. The program includes a website for applications and requires policyholders to recertify eligibility every three years.

Minnesota SF2455 creates a low-cost motor vehicle insurance program for low-income residents.

Minnesota SF2455 mandates the commissioner of commerce to establish a low-cost motor vehicle insurance program for low-income residents. The program, called the Minnesota Lifeline Insurance Program, offers policies with basic economic loss benefits and other coverages. Eligible applicants must be Minnesota residents with a household income at or below 300% of the federal poverty level. The program includes a website for applications and requires policyholders to recertify eligibility every three years.