Introduced
by
To repeal Michigan’s “file and use” auto insurance rate regulatory system, wherein insurers are required to file for approval of any rate changes but don’t have to wait to start using the rates immediately. The bill would also mandate that insurers submit annual reports to the commission which contain detailed data on premiums, claims, claim payments, and more.
Referred to the Committee on Insurance
Reported without amendment
Without amendment and with the recommendation that the bill pass.
