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MI SB0933
Bill
AI Summary
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Amends Section 4 of the Michigan Consumer Protection Act to clarify exemptions from the act's application to unfair, unconscionable, or deceptive trade practices.
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Excludes from the act's application any unfair trade practices made unlawful by Chapter 20 of the Insurance Code of 1956 (MCL 500.2001 to 500.2093) occurring before, on, or after March 28, 2001.
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Makes the amendment retroactive and effective as of March 28, 2001 to clarify that the act does not apply to insurance-related unfair trade practices covered by the Insurance Code.
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Clarifies that the bill is curative legislation intended to prevent misinterpretation following the Michigan Supreme Court's decision in Converse v. Auto Club Group Insurance Co., No. 142917 (October 26, 2012).
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Maintains existing exemptions for transactions authorized by regulatory bodies and for certain media publications of advertisements.
Legislative Description
Consumer protection; unfair trade practices; application of consumer protection act to unfair trade practices in insurance code; modify. Amends sec. 4 of 1976 PA 331 (MCL 445.904).
Consumer protection, unfair trade practices
Last Action
Referred To Committee On Insurance
5/8/2014