2009 House Bill 4990 / Public Act 230

Regulate auto "guaranteed asset protection waivers”

Introduced in the House

May 26, 2009

Introduced by Rep. Bert Johnson (D-5)

To establish that "guaranteed asset protection waivers" would be regulated under the new law proposed by House Bill 4989 rather than the state Insurance Code.

Referred to the Committee on Insurance

Aug. 19, 2009

Reported without amendment

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

Oct. 7, 2009

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

Passed in the House 106 to 1 (details)

Received in the Senate

Oct. 8, 2009

Referred to the Committee on Economic Development and Regulatory Reform

Nov. 12, 2009

Reported without amendment

With the recommendation that the bill pass.

Dec. 17, 2009

Passed in the Senate 35 to 0 (details)

To establish that "guaranteed asset protection waivers" would be regulated under the new law proposed by House Bill 4989 rather than the state Insurance Code.

Signed by Gov. Jennifer Granholm

Dec. 31, 2009