2013 House Bill 5150 / 2014 Public Act 143

Revise life insurance regulation detail

Introduced in the House

Nov. 12, 2013

Introduced by Rep. Ben Glardon (R-85)

To revise state life insurance regulations to permit electronic applications, and revise details of regulations on variable annuity contract refunds.

Referred to the Committee on Insurance

Dec. 10, 2013

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Jan. 23, 2014

Passed in the House 107 to 0 (details)

Received in the Senate

Jan. 28, 2014

Referred to the Committee on Insurance

March 5, 2014

Reported without amendment

With the recommendation that the bill pass.

May 20, 2014

Passed in the Senate 38 to 0 (details)

To revise state life insurance regulations to permit electronic applications, and revise details of regulations on variable annuity contract refunds.

Signed by Gov. Rick Snyder

June 3, 2014