MI HB4663

Requires insurers to renew or continue individual and group expense-incurred hospital, medical, or surgical policies at the option of the individual or group sponsor, except in cases of fraud, nonpayment, or when coverage moves outside the service area.

Insurers discontinuing a particular plan or product must provide 90 days' notice to the director and affected individuals/groups, and offer alternative plans without excluding preexisting conditions or imposing waiting periods.

Insurers completely withdrawing from the nongroup or group market must provide 180 days' notice and cannot re-enter that market for 5 years.

Short-term or limited duration policies (no longer than 6 months) are exempt from guaranteed renewal requirements but are capped at 10% of an insurer's total individual health policy premiums in each calendar year.

Insurers offering short-term policies must file annual reports by March 31 disclosing gross written premiums for those policies and all individual expense-incurred policies issued in the prior calendar year.