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MI HB4628

Bill

Official Source

Status

Introduced

5/19/2015

Primary Sponsor

Marilyn Lane

Click for details

Origin

House of Representatives

98th Legislature

AI Summary

  • Requires insurers to credit policyholders for premium surcharges related to traffic violations once those violations are removed from their driving record with the Secretary of State.

  • Applies when insurers charge higher automobile insurance premiums under section 2111(3)(b) of the Insurance Code or otherwise due to Chapter VI violations of the Michigan Vehicle Code (MCL 257.601 to 257.750).

  • Credits must be applied to the next premium charge for the insurance policy in an amount equal to the differential premium that was paid during the period the violation was on the driving record.

  • Takes effect once violation points are no longer carried on the insured's driving record maintained by the Secretary of State.

Legislative Description

Insurance; no-fault; rates; require premium credit for excess charges made after points assessed by secretary of state expire. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 2111f.

Insurance: no-fault

Last Action

Printed Bill Filed 05/20/2015

5/20/2015

Committee Referrals

Insurance5/19/2015

Full Bill Text

No bill text available