A bill to amend 1956 PA 218, entitled “The insurance code of 1956,” by amending section 4667 (MCL 500.4667), as added by 2008 PA 29.
The bill amends the Insurance Code to clarify participation rules for sponsored captive insurance companies, allowing various entities to participate without being shareholders and specifying risk insurance limitations.
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
Referred to the Committee on Government Operations