1.1 	A bill for an act
1.2 	relating to insurance; modifying time limitations requirements for motor vehicle 
1.3 	insurance policies;amending Minnesota Statutes 2022, section 65B.49, by adding 
1.4 	a subdivision.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2022, section 65B.49, is amended by adding a subdivision 
1.7 	to read:
1.8 		Subd. 10.Time limitations. (a) Unless expressly provided for in this chapter, a plan of 
1.9 	reparation security must conform to the six-year time limitation provided under section 
1.10 	541.05, subdivision 1, clause (1).
1.11 	(b) The time limitation for commencing a cause of action relating to underinsured motorist 
1.12 	coverage under section 65B.49, subdivision 3a, is four years from the date of accrual.

1.13 	EFFECTIVE DATE. This section is effective on August 1, 2023, and applies to contracts 
1.14 	issued or renewed on or after that date.