HB 4936 Summary

• Creates multiple personal protection insurance (PPI) coverage limits of $250,000, $500,000, $1,000,000, or $5,000,000 that insureds must select, with a default of $250,000 if no selection is made.

• Establishes two separate accounts in the Catastrophic Claims Association (MCCA account for accidents before July 1, 2012, and excess PIP account for accidents on or after July 1, 2012) with different member indemnification levels based on loss amounts.

• Eliminates biennial adjustment increases to the $500,000 threshold that was scheduled to begin July 1, 2013, freezing the amount at $500,000 for policies issued or renewed July 1, 2011 to June 30, 2012.

• Limits attendant care provided in home settings to 56 hours per week for non-certified individuals at specified hourly rates ($11 for basic care, $17 for skilled care), effective immediately for services provided after the bill's effective date.

• Shields insurance producers and agencies from liability for damages arising from loss or inadequacy of PPI benefits, and requires the Commissioner to develop informational materials and report to the legislature by July 1, 2013 on the impact of these coverage changes.