A bill to amend 1956 PA 218, entitled “The insurance code of 1956,” by amending section 2024a (MCL 500.2024a), as added by 1989 PA 68.
The bill amends the insurance code to increase the allowable value of promotional merchandise that life insurers can give to applicants or insured individuals from $5.00 to $50.00 per year.
Co-sponsored by Reps.
Referred to the Committee on Insurance
Reported without amendment
Passed in the House 87 to 17 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
Referred to the Committee on Finance, Insurance, and Consumer Protection