2002 Senate Bill 1164 ↩

House Roll Call 1337: Passed

To cap at $500,000 the maximum liability of an insurer for bodily injury insurance claims by out-of-state residents driving their own vehicle. A nonresident could sue to recover economic losses in excess of $500,000 that are not covered by any other benefits, which Michigan residents are not allowed (or required) to do. (Michigan residents have unlimited bodily injury benefits paid for by MCCA assessments added to auto insurance bills.) The bill also incorporates provisions of Senate Bill 1125, which establihes that the state insurance commissioner has sole jurisdiction to determine whether an insurer has an appropriate level of excess capital and surplus.