A bill to amend 1956 PA 218, entitled “The insurance code of 1956,” by amending section 4601 (MCL 500.4601), as amended by 2016 PA 276.
The bill amends the Insurance Code of 1956 to refine definitions related to captive insurance companies, clarifying their structures and operations without introducing new funding or specific timelines.
Co-sponsored by Reps.
Referred to the Committee on Insurance and Financial Services
Reported without amendment
Passed in the House 96 to 13 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
Motion to reconsider
by
The motion prevailed by voice vote
Passed in the House 97 to 12 (details)
Referred to the Committee on Government Operations