Minnesota SF4398 modifies the automobile theft prevention surcharge and revenue dedication.

Minnesota SF4398 amends the automobile theft prevention surcharge, requiring insurers to collect 60 cents per vehicle every six months on comprehensive insurance policies. This surcharge is separate from the premium and applies to passenger cars, pickup trucks, vans (excluding commuter vans), and motorcycles. The surcharge revenue is to be remitted to the commissioner of revenue for the automobile theft prevention program. Annually, $1,300,000 must be transferred to the fraud prevention account, and $900,000 to the Minnesota victims of crime account.

Minnesota SF4398 modifies the automobile theft prevention surcharge and revenue dedication.

Minnesota SF4398 amends the automobile theft prevention surcharge, requiring insurers to collect 60 cents per vehicle every six months on comprehensive insurance policies. This surcharge is separate from the premium and applies to passenger cars, pickup trucks, vans (excluding commuter vans), and motorcycles. The surcharge revenue is to be remitted to the commissioner of revenue for the automobile theft prevention program. Annually, $1,300,000 must be transferred to the fraud prevention account, and $900,000 to the Minnesota victims of crime account.