2014 House Bill 5461

Revise “file and use” auto insurance rates

Introduced in the House

April 23, 2014

Introduced by Rep. Thomas Stallworth (D-7)

To revise Michigan’s “file and use” auto insurance rate regulatory system, wherein insurers are required to file for approval of any rate changes but don’t have to wait to start using the rates immediately. Under the bill, insurers would have to wait 15 days after filing before using new rates, and the state would have 30 days to disapprove them.

Referred to the Committee on Insurance