2016 House Bill 5514 / Public Act 558

Revise workers comp insurance detail

Introduced in the House

March 24, 2016

Introduced by Rep. Lana Theis (R-42)

To revise details of the mortality tables and formulas that insurers are required to use in marketing annuity contracts.

Referred to the Committee on Insurance

May 12, 2016

Reported without amendment

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

May 24, 2016

Passed in the House 106 to 0 (details)

Received in the Senate

May 25, 2016

Referred to the Committee on Insurance

Dec. 8, 2016

Reported without amendment

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

Dec. 14, 2016

Passed in the Senate 37 to 0 (details)

To revise details of the mortality tables and formulas that insurers are required to use in marketing annuity contracts.

Received in the House

Dec. 14, 2016

Dec. 15, 2016

Passed in the House 107 to 1 (details)

To concur with the Senate-passed version of the bill.

Signed by Gov. Rick Snyder

Dec. 31, 2016