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MI HB5632
Bill
Status
12/1/2009
Primary Sponsor
Lesia Liss
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AI Summary
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Prohibits the insurance commissioner from making expenditures for, receiving compensation for lobbying from, or being employed by regulated entities for 2 years after leaving office.
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Applies the restriction to insurers and other entities regulated under the Insurance Code of 1956.
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Applies the restriction to nonprofit health care corporations regulated under 1980 PA 350.
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Applies the restriction to third party administrators regulated under 1984 PA 218.
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Applies the restriction to nonprofit dental care corporations regulated under 1963 PA 125.
Legislative Description
Insurance; other; provision to prohibit the commissioner of the office of financial and insurance regulation from working for entities regulated by the office for a period of 2 years after leaving office; provide for. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 203.
Insurance, other
Last Action
Referred To Committee On Economic Development And Regulatory Reform
12/18/2009