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MI HB5634
Bill
Status
12/1/2009
Primary Sponsor
Lesia Liss
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AI Summary
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Prohibits automobile insurers from refusing coverage, limiting coverage, or charging different rates based on employment, trade, business, occupation, profession, education level, or credit history for an insured or applicant.
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Allows discounts for group, blanket, or franchise automobile insurance based on actual expense savings, notwithstanding the prohibitions in subsection (1)(a)-(f).
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Amends existing unfair insurance practices statute to reference the new section 2027a restrictions on automobile insurer rating practices.
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Takes effect January 1, 2010.
Legislative Description
Insurance; unfair trade practices; use of credit scores, occupation, and level of education for rating; prohibit. Amends sec. 2027 of 1956 PA 218 (MCL 500.2027) & adds sec. 2027a.
Insurance, unfair trade practices
Last Action
Referred To Committee On Economic Development And Regulatory Reform
12/18/2009