Introduced
by
To allow commercial fire insurance policies to exclude coverage for losses caused directly or indirectly by terrorism. The decision of whether to offer such insurance would be made by the parties to the insurance agreement, rather than by the state.
Referred to the Committee on Insurance and Financial Services
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one which includes a definition of terrorism, and a reference to the definition used in a recently-passed federal law on terrorism insurance.
The substitute passed by voice vote
Amendment offered
by
To replace the definition of terrorism in the bill with the one contained in Michigan's criminal law on terrorism passed in 2002, which is more precisely defined.
The amendment failed 51 to 53 (details)
Passed in the House 71 to 33 (details)
To allow commercial fire insurance policies to exclude coverage for losses caused directly or indirectly by terrorism, as defined in the bill. The decision of whether to offer such insurance would be made by the parties to the insurance agreement, rather than by the state.
Referred to the Committee on Banking and Financial Institutions
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 36 to 2 (details)
To allow commercial fire insurance policies to exclude coverage for losses caused directly or indirectly by terrorism, as defined in the bill. The decision of whether to offer such insurance would be made by the parties to the insurance agreement, rather than by the state.
