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HF 3482

Liability and uninsured and underinsured motorist coverage requirements raised.

2025-2026 Regular Session Introduced by Cedrick Frazier and 2 co-sponsors

The bill raises minimum liability and uninsured/underinsured motorist coverage limits to provide greater financial protection for motorists.

Introduction and first reading, referred to Commerce Finance and Policy
#insurance #motorvehicles
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Bill Summary · HF 3482

Summary of HF 3482 (Session 2025-2026) — Liability and Uninsured/Underinsured Motorist Coverage Requirements Raised

Purpose and intent

HF 3482 seeks to modify and raise requirements related to liability coverage and, specifically, uninsured motorist (UM) and underinsured motorist (UIM) coverage in Minnesota. The bill appears designed to enhance financial protection for motorists by increasing mandatory coverage levels and tightening related provisions to ensure greater adequacy of protection against damages from motor vehicle accidents.

Key provisions and changes (as indicated by the bill’s title and context)

  • Liability coverage standards: The bill likely raises the minimum required liability coverage that motorists must carry. This would affect the amount of bodily injury and property damage protection mandated by law for drivers.
  • Uninsured/Underinsured motorist coverage: HF 3482 aims to raise and/or otherwise adjust the requirements for UM and UIM coverage. This could include:
    • Increasing minimum UM/UIM coverage limits to provide greater protection when the at-fault driver lacks sufficient assets or insurance.
    • Clarifying permitted selections or options for UM/UIM coverage, potentially adjusting stackable vs. non-stackable arrangements.
    • Specifying conditions under which UM/UIM coverage is triggered and how limits apply in multi-vehicle or multi-policy scenarios.
  • Policy terms and exclusions: The bill may address allowed exclusions, “anti-stacking” rules, and avenues for insureds to elect higher coverage. It could also adjust requirements for notices, declarations, and disclosures to consumers about available protections.
  • Effective dating and transitional provisions: If the bill passes, there will typically be a phase-in period or an effective date after enactment to allow insurers and consumers to adjust to higher minimums. The bill may include a specific date or time frame for compliance.

Who and what would be affected

  • Policyholders and insureds: Drivers and policyholders would face new or higher minimum requirements for liability and UM/UIM coverages on auto insurance policies. This could result in higher premiums for some, and broader protection for others.
  • Insurance providers: Domestic and, where applicable, reciprocal or national auto insurers operating in Minnesota would need to adjust policy forms, pricing, underwriting guidelines, and notices to reflect the new requirements.
  • Consumers shopping for auto insurance: With higher minimums and clearer UM/UIM options, consumers may experience changes in available coverage configurations and price points.

Procedural and timeline aspects

  • Introductory steps: As of 2026-02-19, HF 3482 had its introduction and first reading, and was referred to the Commerce Finance and Policy committee. This indicates initial committee scrutiny, potential amendments, and hearings before potentially moving to further floor action.
  • Next steps in process: If advanced, the bill would typically proceed to additional committee hearings, potential amendments, a floor vote in the House, and eventual consideration by the Senate (or equivalent path in Minnesota’s legislative process) along with any gubernatorial action.

Notable considerations

  • The financial impact on premiums versus consumer protection is a key policy trade-off likely explored during committee review.
  • Changes to UM/UIM can interact with other auto insurance provisions, such as liability limits, underinsured motorist endorsements, and stacking rules.
  • Public and industry input during hearings would inform refinements to exclusions, limits, and consumer disclosures.

If you’d like, I can tailor this summary to focus on specific sections if you provide the bill text or committee hearing notes, or I can compare HF 3482 to current Minnesota auto insurance requirements for a sharper contrast.

Compiled from official sources — confirm details with the bill’s official record.

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