168A.40 AUTOMOBILE THEFT PREVENTION PROGRAM.
Subdivision 1.[Repealed, 2000 c 488 art 6 s 13
Subd. 2.[Repealed, 2000 c 488 art 6 s 13
Subd. 3. Surcharge.
Each insurer engaged in the writing of policies of automobile insurance
shall collect a surcharge, at the rate of 50 cents per vehicle for every six months of coverage, on
each policy of automobile insurance providing comprehensive insurance coverage issued or
renewed in this state. The surcharge may not be considered premium for any purpose, including
the computation of premium tax or agents' commissions. The amount of the surcharge must be
separately stated on either a billing or policy declaration sent to an insured. Insurers shall remit
the revenue derived from this surcharge at least quarterly to the commissioner of public safety for
purposes of the automobile theft prevention program described in section
. For purposes of
this subdivision, "policy of automobile insurance" has the meaning given it in section
covering only the following types of vehicles as defined in section
(1) a passenger automobile;
(2) a pickup truck;
(3) a van but not commuter vans as defined in section
(4) a motorcycle,
except that no vehicle with a gross vehicle weight in excess of 10,000 pounds is included within
Subd. 4. Automobile theft prevention account.
A special revenue account is created in
the state treasury to be credited with the proceeds of the surcharge imposed under subdivision
3. Of the revenue in the account, $1,300,000 each year must be transferred to the general fund.
Revenues in excess of $1,300,000 each year may be used only for the automobile theft prevention
program described in section
History: 1996 c 408 art 2 s 1,16; 1999 c 216 art 5 s 1; 2000 c 488 art 6 s 1,2; 1Sp2001 c 8
art 5 s 16; 2002 c 220 art 7 s 9; 2004 c 269 art 2 s 5