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Legislation watch
2017 Senate Bill 638: Revise insurance claims reserve calculation detail
Public Act 91 of 2018
Introduced by Sen. Margaret O'Brien (R) on October 31, 2017
To revise details of how reinsurance contracts are treated in the calculation of claims reserves required on an insurer’s balance sheet. Official Text and Analysis.
Referred to the Senate Insurance Committee on October 31, 2017
Reported in the Senate on November 30, 2017
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Received in the House on December 6, 2017
Referred to the House Insurance Committee on December 6, 2017
Reported in the House on February 15, 2018
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Received in the Senate on March 6, 2018
To concur with the House-passed version of the bill.
Signed by Gov. Rick Snyder on March 26, 2018
