2024 House Bill 6265

Insurance: other; market conduct exams; require insurers to pay for.

A bill to amend 1956 PA 218, entitled “The insurance code of 1956,” by adding chapter 4A.

AI Analysis – Experimental

The legislation establishes a framework for market conduct examinations in Michigan's insurance industry, focusing on compliance and consumer protection, with new procedures and timelines effective January 1, 2025.

Introduced in the House

Dec. 10, 2024

Introduced by Rep. Mike McFall (D-8) and three co-sponsors

Co-sponsored by Reps. Kristian Grant (D-82), Donavan McKinney (D-14) and Helena Scott (D-7)

Referred to the Committee on Insurance and Financial Services