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MI SB1414
Bill
AI Summary
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Requires insurers to provide 2 certificates of insurance for each insured vehicle when issuing an automobile insurance policy under Michigan's Insurance Code.
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Allows the Secretary of State to accept transmission of a vehicle identification number in a required format as proof of insurance for vehicle registration purposes instead of a physical certificate.
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Establishes that vehicle identification numbers transmitted to the Secretary of State are confidential and may only be disclosed by court order in connection with claims, fraud investigations, or prosecutions.
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Permits insurers to provide unparsed data to the Department of State Police as required under Michigan vehicle code section 520a.
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Makes it a misdemeanor punishable by up to 1 year imprisonment or a fine of up to $1,000 to supply false information, issue fraudulent certificates of insurance, or use altered or counterfeit certificates.
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Ties the bill's effectiveness to the enactment of Senate Bill 1415 of the 95th Legislature.
Legislative Description
Insurance; no-fault; paperless insurance verification system; provide for. Amends sec. 3101a of 1956 PA 218 (MCL 500.3101a). TIE BAR WITH: SB 1415'10
Insurance, no-fault
Last Action
Referred To Committee On Economic Development And Regulatory Reform
7/1/2010