Loading chat...
MI SB1322
Bill
AI Summary
-
Requires motor bus carriers to obtain bodily injury and property damage liability insurance with a minimum combined single limit of $5,000,000.00 for injuries or property damage.
-
Mandates motor bus carriers maintain personal protection insurance and property protection insurance as required by the Michigan Insurance Code as a condition of maintaining a certificate of authority.
-
Allows applicants to waive insurance requirements by obtaining a certificate of self-insurance from the commissioner of the office of financial and insurance regulation.
-
Denies certificates of authority to applicants who fail to meet safety record requirements, vehicle condition standards, financial ability standards, or insurance requirements.
-
Effective January 2, 2013 upon governor approval and filing with the Secretary of State.
Legislative Description
Transportation; other; amendment of motor bus transportation act to reflect transfer of duties regarding self-insurers from the secretary of state to the insurance commissioner; provide for. Amends sec. 9 of 1982 PA 432 (MCL 474.109).
State agencies (existing), state
Last Action
Assigned Pa 0570'12 With Immediate Effect 2012 Addenda
12/31/2012