Commissioner of commerce requirement to create a low-cost motor vehicle insurance program for low-income residents

This bill requires Minnesota's Commissioner of Commerce to establish a low-cost motor vehicle insurance program (the "Minnesota Lifeline Insurance Program") for low-income residents who meet specific eligibility criteria. The program would be operated by a designated state facility, which must set rates covering claims, administrative costs, and investment income using actual program data or adjusted statewide insurance data. The facility must create a website for applications and online policy sales, with rates allowing up to six payment installments and regional adjustments (capped at 25% higher than other regions). The program mandates annual reports to the legislature detailing enrollment, marketing efforts, and expenditures.