2024 Senate Bill 1088

Insurance: other; penalties for late payment of claims; increase.

A bill to amend 1956 PA 218, entitled “The insurance code of 1956,” by amending sections 2006 and 3142 (MCL 500.2006 and 500.3142), section 2006 as amended by 2017 PA 223 and section 3142 as amended by 2019 PA 21.

Official record

Introduced in the Senate

Nov. 13, 2024

Introduced by Sen. Rosemary Bayer (D-13) and six co-sponsors

Co-sponsored by Sens. Mary Cavanagh (D-6), Mallory McMorrow (D-8), Stephanie Chang (D-3), Veronica Klinefelt (D-11), Dayna Polehanki (D-5) and Erika Geiss (D-1)

Referred to the Committee on Finance, Insurance, and Consumer Protection