HB 6491 MI 2017-2018

Session
2017-2018
Sponsors
Co-Sponsors
Name R Lana L. Theis

Title

Insurance; other; insurance data security model law; enact. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding ch. 5A.

Summary

AN ACT to amend 1956 PA 218, entitled “An act to revise, consolidate, and classify the laws relating to the insurance and surety business; to regulate the incorporation or formation of domestic insurance and surety companies and associations and the admission of foreign and alien companies and associations; to provide their rights, powers, and immunities and to prescribe the conditions on which companies and associations organized, existing, or authorized under this act may exercise their powers; to provide the rights, powers, and immunities and to prescribe the conditions on which other persons, firms, corporations, associations, risk retention groups, and purchasing groups engaged in an insurance or surety business may exercise their powers; to provide for the imposition of a privilege fee on domestic insurance companies and associations and the state accident fund; to provide for the imposition of a tax on the business of foreign and alien companies and associations; to provide for the imposition of a tax on risk retention groups and purchasing groups; to provide for the imposition of a tax on the business of surplus line agents; to provide for the imposition of regulatory fees on certain insurers; to provide for assessment fees on certain health maintenance organizations; to modify tort liability arising out of certain accidents; to provide for limited actions with respect to that modified tort liability and to prescribe certain procedures for maintaining those actions; to require security for losses arising out of certain accidents; to provide for the continued availability and affordability of automobile insurance and homeowners insurance in this state and to facilitate the purchase of that insurance by all residents of this state at fair and reasonable rates; to provide for certain reporting with respect to insurance and with respect to certain claims against uninsured or self-insured persons; to prescribe duties for certain state departments and officers with respect to that reporting; to provide for certain assessments; to establish and continue certain state insurance funds; to modify and clarify the status, rights, powers, duties, and operations of the nonprofit malpractice insurance fund; to provide for the departmental supervision and regulation of the insurance and surety business within this state; to provide for regulation over worker’s compensation self-insurers; to provide for the conservation, rehabilitation, or liquidation of unsound or insolvent insurers; to provide for the protection of policyholders, claimants, and creditors of unsound or insolvent insurers; to provide for associations of insurers to protect policyholders and claimants in the event of insurer insolvencies; to prescribe educational requirements for insurance agents and solicitors; to provide for the regulation of multiple employer welfare arrangements; to create an automobile theft prevention authority to reduce the number of automobile thefts in this state; to prescribe the powers and duties of the automobile theft prevention authority; to provide certain powers and duties upon certain officials, departments, and authorities of this state; to provide for an appropriation; to repeal acts and parts of acts; and to provide penalties for the violation of this act,” (MCL 500.100 to 500.8302) by adding chapter 5A.

Bill Text

Bill Activity

  • presented to the Governor 12/27/2018 @ 5:28 PM

  • bill ordered enrolled

  • full title agreed to

  • Roll Call # 1039 Yeas 98 Nays 6

  • Senate substitute S-1 concurred in

  • laid over one day under the rules

  • returned from Senate with substitute S-5 with immediate effect and full title

  • INSERTED FULL TITLE

  • Passed PASSED; GIVEN IMMEDIATE EFFECT ROLL CALL # 932 YEAS 38 NAYS 0 EXCUSED 0 NOT VOTING 0

  • PLACED ON ORDER OF THIRD READING WITH SUBSTITUTE S-5

  • SUBSTITUTE S-5 CONCURRED IN

  • REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITH SUBSTITUTE S-5

  • REFERRED TO COMMITTEE OF THE WHOLE WITH SUBSTITUTE S-3

  • COMMITTEE RECOMMENDED IMMEDIATE EFFECT

  • REPORTED FAVORABLY WITH SUBSTITUTE S-3

  • REFERRED TO COMMITTEE ON FINANCE

  • transmitted

  • Passed passed Roll Call # 749 Yeas 103 Nays 6

  • read a third time

  • placed on third reading

  • substitute H-1 adopted

  • read a second time

  • reported with recommendation with substitute H-1

  • referred to second reading

  • reported with recommendation with substitute H-1

  • bill electronically reproduced 11/08/2018

  • referred to Committee on Insurance

  • read a first time

  • introduced by Representative Lana Theis

Votes

No votes recorded on HB 6491.