A bill to amend 1956 PA 218, entitled “The insurance code of 1956,” by amending sections 2021, 2106, 2108, 2112, 2458, and 2652 (MCL 500.2021, 500.2106, 500.2108, 500.2112, 500.2458, and 500.2652), sections 2021, 2112, 2458, and 2652 as amended by 2015 PA 141 and sections 2106 and 2108 as amended by 2019 PA 21.
Senate Bill No. 550 amends Michigan's insurance code to increase transparency, consumer rights, and regulatory oversight in the rate-setting process for automobile and home insurance, requiring more detailed insurer filings and enhanced policyholder access to information and appeals.
Co-sponsored by Sens.
Referred to the Committee on Finance, Insurance, and Consumer Protection
Reported without amendment
Referred to the Committee of the Whole
