A bill to amend 1956 PA 218, entitled “The insurance code of 1956,” by amending section 3107c (MCL 500.3107c), as added by 2019 PA 22.
This legislation requires applicants or named insureds of personal protection insurance benefits policies, issued or renewed after July 1, 2020, to select a coverage level from options of $50,000, $250,000, $500,000, or no limit. The selection process involves completing a form that details the benefits and risks of each option, ensuring the applicant's or insured's understanding and recording their choice. If no selection is made but payment is received, the paid premium is presumed to reflect the chosen coverage level. This coverage extends to the insured, their spouse, relatives in the same household, and others entitled to benefits under the policy, with benefits capped at the highest coverage limit of one policy for individuals with multiple policies.
Co-sponsored by Sens.
Referred to the Committee on Finance, Insurance, and Consumer Protection
Reported without amendment
Referred to the Committee of the Whole
Reported without amendment
Passed in the Senate 23 to 14 (details)
Referred to the Committee on Insurance and Financial Services
