1st Engrossment - 93rd Legislature (2023 - 2024) Posted on 03/27/2023 04:04pm
A bill for an act
relating to insurance; modifying time limitations requirements for motor vehicle
insurance policies; amending Minnesota Statutes 2022, section 65B.49, by adding
a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2022, section 65B.49, is amended by adding a subdivision
to read:
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(a) Unless expressly provided for in this chapter, a plan of
reparation security must conform to the six-year time limitation provided under section
541.05, subdivision 1, clause (1).
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(b) The time limitation for commencing a cause of action relating to underinsured motorist
coverage under section 65B.49, subdivision 3a, is four years from the date of accrual.
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This section is effective August 1, 2023, and applies to contracts
issued or renewed on or after that date.
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