Minnesota Session Laws - 1995, Regular Session

                            CHAPTER 115-H.F.No. 877 
                  An act relating to insurance; private passenger 
                  vehicle insurance; providing for a premium reduction 
                  for vehicles having antitheft alarms or devices; 
                  defining terms; proposing coding for new law in 
                  Minnesota Statutes, chapter 65B.  
        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
           Section 1.  [65B.285] [ANTITHEFT PROTECTION DEVICE PREMIUM 
        REDUCTION.] 
           Subdivision 1.  [DEFINITION.] For the purposes of this 
        section the term "authorized antitheft protection device" means 
        a device provided by the manufacturer of a vehicle as original 
        equipment or installed in a vehicle by the manufacturer of the 
        vehicle or an authorized dealer of that manufacturer that does 
        one or more of the following when activated unless the vehicle 
        is entered and started by means of a lock system:  (1) sound an 
        alarm; (2) cause the vehicle horn to sound; (3) cause the 
        vehicle lights to flash; or (4) cause the vehicle to be rendered 
        inoperable.  The device must be self-activating upon the locking 
        of the passenger doors of the vehicle.  
           Subd. 2.  [REQUIRED REDUCTION.] An insurer must provide an 
        appropriate premium reduction of at least five percent on the 
        comprehensive coverage on a policy of private passenger vehicle 
        insurance, as defined in section 65B.001, subdivision 2, issued, 
        delivered, or renewed in this state, to an insured whose vehicle 
        is equipped with an authorized antitheft protection device.  The 
        premium reduction required by this subdivision applies to every 
        vehicle of an insured that is equipped with an authorized 
        antitheft protection device. 
           Sec. 2.  [EFFECTIVE DATE; APPLICABILITY.] 
           Section 1 is effective January 1, 1996, and applies to 
        policies issued, delivered, or renewed on or after that date. 
           Presented to the governor May 2, 1995 
           Signed by the governor May 3, 1995, 10:45 a.m.