Introduced
by
To revise details of the law that establishes regulations governing the liability of the Michigan insurance guaranty association, regarding its obligation to pay off claims by the beneficiary of an insolvent insurance company, the obligations of which have become a demand on the guaranty association. Guaranty associations are essentially the insurers of insurance companies, providing coverage to an insolvent company’s policyholders up to a certain level. The bill is part of package comprised of House Bills 6223 to 6235.
Referred to the Committee on Insurance
Passed in the House 104 to 0 (details)
Referred to the Committee of the Whole
Passed in the Senate 38 to 0 (details)
