Introduced
by
To gradually increase the no-fault auto insurers' retention limit from the current $250,000 to $500,000 in 2011. The limit represents the amount that a single no-fault auto insurer must cover for losses covered under personal protection insurance coverage. Beyond the limit, the Michigan Catastrophic Claims Association provides indemnification for these losses.
Referred to the Committee on Financial Services
Passed in the Senate 21 to 12 (details)
Amendment offered
by
To require state audits of the Michigan Catastrophic Claims Association.
The amendment failed 50 to 57 (details)
Amendment offered
by
To apply state Open Meetings Act and Freedom of Information Act requirements to the Michigan Catastrophic Claims Association.
The amendment failed 52 to 55 (details)
Amendment offered
by
To impose a "members of the public" membership requirement on the board of directors of the Michigan Catastrophic Claims Association.
The amendment failed 51 to 56 (details)
Amendment offered
by
To impose certain price controls on auto insurance rates, tied to this legislation's increase in the no-fault auto insurers' retention limit.
The amendment failed 53 to 53 (details)
Passed in the House 58 to 49 (details)
To gradually increase the no-fault auto insurers' retention limit from the current $250,000 to $500,000 in 2011. The limit represents the amount that a single no-fault auto insurer must cover for losses covered under personal protection insurance coverage. Beyond the limit, the Michigan Catastrophic Claims Association provides indemnification for these losses.
