2006 House Bill 5608 / Public Act 679

Enter multistate insurance rules compact

Introduced in the House

Jan. 24, 2006

Introduced by Rep. Barbara Farrah (D-13)

To authorize Michigan's entry into a multistate insurance compact, a commission of which would develop uniform standards and regulations for group annuity, life insurance, disability income, and long-term care insurance products and marketing.

Referred to the Committee on Insurance

March 23, 2006

Reported without amendment

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

May 2, 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

Nov. 30, 2006

Passed in the House 101 to 0 (details)

Received in the Senate

Dec. 6, 2006

Referred to the Committee on Banking and Financial Institutions

Dec. 14, 2006

Passed in the Senate 37 to 0 (details)

To authorize Michigan's entry into a multistate insurance compact, a commission of which would develop uniform standards and regulations for group annuity, life insurance, disability income, and long-term care insurance products and marketing.

Signed by Gov. Jennifer Granholm

Dec. 31, 2006