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• Introduced by Sen. Alan Sanborn (R) on July 26, 2006, to authorize Michigan's entry into a multistate insurance compact, a commission of which would develop uniform standards for group annuity, life insurance, disability income, and long-term care insurance products.
  • Referred to the Senate Banking and Financial Institutions Committee on July 26, 2006.
    • Reported in the Senate on September 12, 2006, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
  • Substitute offered in the Senate on September 13, 2006, to replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described. The substitute passed by voice vote in the Senate on September 13, 2006.
• Passed 37 to 0 in the Senate on September 14, 2006.
  Who Voted "Yes" and Who Voted "No"
• Received in the House on September 14, 2006.
  • Referred to the House Insurance Committee on September 14, 2006.