Introduced
by
To allow auto insurance companies to offer policies in which the maximum coverage is $1 million. The current no-fault insurance law mandates unlimited personal injury coverage. Also, to expand the duties of a state automobile theft prevention authority to include insurance fraud. Finally, the bill would also replace a 1 percent <a href="http://www.michiganvotes.org/2011-SB-348">health insurance claims tax</a> intended to “game” the federal Medicaid system in ways that result in higher federal payments to Michigan’s medical welfare system, with a new $25 per vehicle annual auto insurance tax.
Referred to the Committee on Insurance
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
