WeVote
Log In

Bill

Bill

HF 2494

Motor vehicle insurance provisions modified relating to uninsured and underinsured liability coverage amounts, motorcycle insurance coverage required, and traumatic brain injury (TBI) recovery account and surcharge established.

2025-2026 Regular Session Introduced by Cedrick Frazier and 1 co-sponsor

Establishes a TBI recovery account funded by a surcharge and expands uninsured/underinsured and motorcycle insurance coverage in Minnesota.

Author added Youakim
#insurance #motorvehicles #motorcycles #snowmobiles #andatvs
0
WeVote Research Nonpartisan
Bill Summary · HF 2494

HF 2494 — Summary

Overview

HF 2494 is a Minnesota House file introduced on March 17, 2025, with later action noting that author Youakim was added on May 5, 2025. The bill, categorized under Insurance, Motor Vehicles, Motorcycles, snowmobiles, and ATVs, proposes modifications to motor vehicle insurance provisions related to uninsured and underinsured liability coverage amounts, expands motorcycle insurance requirements, and establishes a Traumatic Brain Injury (TBI) recovery account funded by a surcharge. A Senate companion bill is SF 2639.

Key Provisions (as described in bill title)

  • Uninsured/Underinsured Liability Coverage Amounts
    • The bill would modify the amounts for uninsured motorist (UM) and/or underinsured motorist (UIM) liability coverage. Specific dollar thresholds or percentage changes are not provided in the information available here.
  • Motorcycle Insurance Coverage
    • The bill would require coverage for motorcycles (i.e., expand or formalize mandatory motorcycle insurance coverage in the state). Details on scope, limits, or exemptions are not provided in the summary data.
  • TBI Recovery Account and Surcharge
    • The bill would establish a Traumatic Brain Injury (TBI) recovery account and impose a surcharge to fund it. The structure, rate, and administration of the surcharge are not described in the provided information.

Who Would Be Affected

  • Individuals who purchase motor vehicle, motorcycle, snowmobile, and ATV coverage in Minnesota.
  • Insurance providers issuing policies for motor vehicles and motorcycles.
  • Potentially consumers through changes to required coverage levels and the new TBI recovery funding mechanism.

Procedural and Timeline Aspects

  • Introduction: March 17, 2025; referred to the Commerce Finance and Policy committee on introduction.
  • Legislative action noted: May 5, 2025 — author added Youakim.
  • Relationship: Companion bill exists in the Senate as SF 2639.

Related Legislative Action

  • Related Bill: SF 2639 (companion).

Potential Impacts and Considerations

  • Coverage Levels: Changes to UM/UIM amounts could affect premium costs and consumer protection levels. The magnitude of changes will depend on the specific dollar or percentage adjustments in the enacted text.
  • Motorcycle Coverage: Strengthening or clarifying mandatory motorcycle insurance could influence coverage adequacy for riders and overall motor vehicle coverage requirements.
  • TBI Fund: Establishing a TBI recovery account with a surcharge introduces a new funding mechanism for injury recovery, which could affect policyholder costs and the availability of targeted funds for TBI-related recovery services.
  • Implementation: Details such as surcharge rate, collection mechanics, fund governance, and transition rules will determine the practical impact.

Next Steps for Interested Readers

  • Review the full text of HF 2494 to understand the specific changes to UM/UIM limits, the exact scope of motorcycle coverage requirements, and the structure of the TBI recovery account and surcharge.
  • Monitor committee hearings (Commerce Finance and Policy) and subsequent floor votes for amendments and final passage.
  • Compare with SF 2639 to understand cross-chamber alignment and potential differences between the House and Senate proposals.

If you’d like, I can add a brief section once the bill text or fiscal notes are available, highlighting the exact dollar figures, surcharge rates, and implementation timelines.

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

Sign in to ask a question.