Introduced
by
To revise details of the law that establishes that the Michigan insurance guaranty association, and ones from other states, have standing to intervene in lawsuits regarding an insolvent insurance company whose obligations may become a demand on the guaranty association. Guaranty associations are essentially the insurers of insurance companies, providing coverage to the company’s policyholders who are state residents up to a certain level. The bill is part of package comprised of House Bills 6223 to 6235, which revise the state law governing the Michigan guaranty association.
Referred to the Committee on Insurance
Passed in the House 105 to 0 (details)
Referred to the Committee of the Whole
Passed in the Senate 38 to 0 (details)
