To revise details of the law creating the "Michigan Life and Health Insurance Guaranty Authority," which imposes assessments on companies that sell life and health insurance or annuities in the state, and covers policyholders in the event a company becomes insolvent. The bill would raise the maximum value of coverage from $100,000 to $250,000.
34 Yeas / 0 Nays | |
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Democrat (12 Yeas / 0 Nays) | |
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Excused or Not Voting (4) | |
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