2006 Senate Bill 1361

Enter multistate insurance rules compact

Introduced in the Senate

July 26, 2006

Introduced by Sen. Alan Sanborn (R-11)

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 Committee on Banking and Financial Institutions

Sept. 12, 2006

Reported without amendment

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

Sept. 13, 2006

Substitute offered

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

Sept. 14, 2006

Passed in the Senate 37 to 0 (details)

Received in the House

Sept. 14, 2006

Referred to the Committee on Insurance