Introduced
by
To revise details of the law creating the "Michigan Life and Health Insurance Guaranty Authority," which imposes assessments on companies that sell life and health insurance or annuities in the state, and covers policyholders in the event a company becomes insolvent. The bill would raise the maximum value of coverage from $100,000 to $250,000.
Referred to the Committee on Insurance
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 102 to 1 (details)
Referred to the Committee on Banking and Financial Institutions
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 34 to 0 (details)
To revise details of the law creating the "Michigan Life and Health Insurance Guaranty Authority," which imposes assessments on companies that sell life and health insurance or annuities in the state, and covers policyholders in the event a company becomes insolvent. The bill would raise the maximum value of coverage from $100,000 to $250,000.
