MI SB0156

Establishes a duty for insurers to deal fairly and in good faith with insureds claiming benefits under property and casualty insurance policies.

Requires automobile insurers to deal fairly and in good faith with insureds claiming benefits under auto insurance policies.

Imposes fair dealing and good faith obligations on disability insurers, group disability insurers, and health maintenance organizations toward those claiming benefits.

Requires life insurers and group life insurers to deal fairly and in good faith with any person claiming benefits under their policies.

Makes insurers liable for compensatory, consequential, and exemplary damages proximately caused by breaches of the fair dealing and good faith duties across all covered insurance types.