2025 Senate Bill 548

Insurance: other; market conduct exams; require insurers to pay for.

A bill to amend 1956 PA 218, entitled “The insurance code of 1956,” by adding chapter 4A.

AI Analysis – Experimental

Senate Bill No. 548 creates a new chapter in Michigan's Insurance Code to standardize and strengthen the oversight of insurers through structured market conduct examinations, with clear procedures, confidentiality provisions, and coordination with national standards, effective January 1, 2026.

Introduced in the Senate

Sept. 17, 2025

Introduced by Sen. Jeff Irwin (D-15) and eight co-sponsors

Co-sponsored by Sens. Mary Cavanagh (D-6), Rosemary Bayer (D-13), Stephanie Chang (D-3), Dayna Polehanki (D-5), Jeremy Moss (D-7), Veronica Klinefelt (D-11), Sue Shink (D-14) and Mallory McMorrow (D-8)

Referred to the Committee on Finance, Insurance, and Consumer Protection

Oct. 14, 2025

Reported with substitute S-1

Oct. 15, 2025

Referred to the Committee of the Whole