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MI HB5244
Bill
Status
1/11/2012
Primary Sponsor
Douglas Geiss
Click for details
AI Summary
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Amends the Insurance Code of 1956 to add section 2027a, which prohibits automobile insurers from refusing coverage, limiting coverage, or charging different rates based on employment, trade, business, occupation, profession, education level, or credit history.
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Allows discounts for group, blanket, or franchise automobile insurance based on expense savings, even under the new restrictions on using employment and education-related factors.
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Modifies section 2027 to reference the new section 2027a restrictions on automobile insurance rating practices while maintaining existing protections against discrimination based on race, color, creed, sex, marital status, and national origin.
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Takes effect January 1, 2012.
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
Printed Bill Filed 01/13/2012
1/17/2012