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MI SB1050
Bill
AI Summary
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Prohibits the Insurance Commissioner from making expenditures for, receiving compensation for lobbying from, or being employed by regulated entities for 2 years after leaving office.
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Applies restriction to insurers and other entities regulated under the Insurance Code of 1956.
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Applies restriction to nonprofit health care corporations regulated under the Nonprofit Health Care Corporation Reform Act (1980 PA 350).
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Applies restriction to third party administrators regulated under the Third Party Administrator Act (1984 PA 218).
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Applies restriction to nonprofit dental care corporations regulated under 1963 PA 125.
Legislative Description
Insurance; other; provision to prohibit the commissioner of the office of financial and insurance regulation from working for entities regulated by the office for a period of 2 years after leaving office; provide for. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 203.
Insurance, other
Last Action
Referred To Committee On Government Operations
3/28/2012