Introduced
by
To expand the right of insurers to deny coverage to an individual on the basis of past attempted insurance fraud, physical conditions of the property that indicate an extreme likelihood of loss, failure to correct such a condition after written notice, or threats against or harassment of an insurance company employee. The bill would also increase the maximum deductible an auto insurer can require a person to accept for comprehensive automobile insurance from $150 to $500, and give no-fault auto insurers additional flexibility in managing certain types of policies.
Referred to the Committee on Financial Services
Substitute offered
To replace the previous version of the bill with one amended to give no-fault auto insurers additional flexibility in managing certain types of policies. It would also increase the maximum deductible allowed for comprehensive automobile insurance from $150 to $500.
The substitute passed by voice vote
Passed in the Senate 24 to 12 (details)
To expand the right of insurers to deny coverage to an individual on the basis of past attempted insurance fraud, physical conditions of the property that indicate an extreme likelihood of loss, failure to correct such a condition after written notice, or threats against or harassment of an insurance company employee. The bill would also increase the maximum deductible an auto insurer can require a person to accept for comprehensive automobile insurance from $150 to $500, and give no-fault auto insurers additional flexibility in managing certain types of policies.
Substitute offered
To replace the previous version of the bill with a version which removes a provision raising the maximum deductible an auto insurer can require a person to accept for comprehensive automobile insurance from $150 to $500. The substitute also changes a provision requiring the Michigan Basic Property Insurance Association (the "pool" which provides higher cost policies to higher-risk persons) to offer premiums and policies that are "actuarially sound." The new version requires premiums to be high enough to cover expected losses of the pool during the period the premium is applicable.
The substitute passed by voice vote
Amendment offered
by
To increase the level of past damage claims on home insurance policies which would permit an insurance company to choose not to renew a policy, from $1,500 to $3,000 on non-weather claims, and from $2,000 to $4,000 on non-weather claims.
The amendment passed by voice vote
Passed in the House 75 to 28 (details)
To expand the right of insurers to deny coverage to an individual on the basis of past attempted insurance fraud, physical conditions of the property that indicate an extreme likelihood of loss, failure to correct such a condition after written notice, or threats against or harassment of an insurance company employee.
Amendment offered
by
To prohibit an insurance company from charging higher or lower premiums on the basis of a person’s credit history.
The amendment failed 16 to 18 (details)
Amendment offered
by
To allow a person to sue their insurance company for actual and punitive damages if the company falsely accuses the insured of arson or fraud, or knowingly offers less than a reasonable amount to resolve a claim, or engages in unfair or deceptive acts or practices. The company would also be subject to license revocation and prosecution by the Attorney General.
The amendment failed 14 to 21 (details)
Amendment offered
by
To prohibit an insurance company from charging higher or lower home insurance premiums on the basis of a person’s credit history.
The amendment failed 16 to 19 (details)
Passed in the Senate 23 to 13 (details)
To expand the right of insurers to deny coverage to an individual on the basis of past attempted insurance fraud, physical conditions of the property that indicate an extreme likelihood of loss, failure to correct such a condition after written notice, or threats against or harassment of an insurance company employee.
