Purpose of the Bill

The bill aims to amend Minnesota's automobile insurance regulations to expand the availability of premium reductions for completing accident prevention courses. It introduces changes to ensure these benefits are accessible to a broader range of insured drivers rather than limiting them to those above a specific age.

Main Provisions

• Expanded Eligibility: The bill mandates that insurance companies provide at least a ten percent premium reduction to any insured party, regardless of age, who successfully completes a motor vehicle accident prevention course. Previously, this benefit was limited to insured individuals aged 55 and older.
• Course Completion Requirement: The bill stipulates that the accident prevention course must be a minimum of four hours and include specific curriculum requirements. Completion certificates must be submitted to insurers as proof to receive premium reductions.
• Refresher Options: Individuals 55 years and older can retake the original course or a refresher course every three years to maintain or reinstate eligibility for the premium reduction.

Significant Changes to Existing Law

• Repeal of Age Restriction: The current statute that provides premium reductions only to insured individuals aged 55 and older will be amended to include all insured drivers who complete the course.
• Regular Certification Renewal: The bill facilitates ongoing eligibility for premium reductions. Those over 55 can continue retaking courses every three years and renew their premium reduction status to encourage continuous safe driving practices.

Relevant Terms

• Automobile insurance
• Premium reduction
• Accident prevention course
• Course completion certificate
• Insured drivers
• Refresher course