2006 House Bill 6223 ↩

Senate Roll Call 619: Passed

To revise the regulations that govern the liquidation and disbursement of assets from an insolvent insurance company, and establish certain reporting requirements for the liquidator. The bill is part of package comprised of House Bills 6223 to 6235, which revise the state law governing the Michigan guaranty association, which is essentially the insurer of insurance companies, providing coverage to an insolvent company’s policyholders up to a certain level.