2018 Senate Bill 1029 / Public Act 421

Establish rules for insurance company spin-offs

Introduced in the Senate

May 23, 2018

Introduced by Sen. Joe Hune (R-22)

To establish rules and procedures for an insurance company splitting into two companies.

Referred to the Committee on Insurance

June 7, 2018

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

June 12, 2018

Passed in the Senate 35 to 1 (details)

Received in the House

June 12, 2018

Referred to the Committee on Insurance

Nov. 29, 2018

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Dec. 12, 2018

Passed in the House 108 to 1 (details)

To establish rules and procedures for an insurance company splitting into two companies.

Received in the Senate

Dec. 13, 2018

Passed in the Senate 36 to 1 (details)

To concur with the House-passed version of the bill.

Signed by Gov. Rick Snyder

Dec. 19, 2018