Introduced
by
To require an independent annual audit of the Michigan Catastrophic Claims Association, require MCCA to comply with the state the state Freedom of Information Act (FOIA) and Open Meetings Act (which otherwise apply only to public bodies), increase the membership of the MCCA board from five to six with one member to represent the general public, and give the state the power to disapprove any premium the MCCA board sets. MCCA is the private entity established to provide reinsurance to cover the liability of individual auto insurance companies to pay unlimited medical claims above $400,000 per incident, as required by the state no-fault auto insurance law.
Referred to the Committee on Insurance
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 that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 67 to 42 (details)
Referred to the Committee on Economic Development and Regulatory Reform
