MI HB4890

Adds new subsection (23) requiring the Catastrophic Claims Association to annually disclose on its website all data used in computing premiums within 15 days of charging members, including actuarial computations, loss development analysis, and economic assumptions.

Extends the indemnification threshold for motor vehicle accident policies issued or renewed July 1, 2017 to June 30, 2019 from $545,000 to $555,000, with biennial increases beginning July 1, 2019 by the lesser of 6% or the consumer price index, rounded to the nearest $5,000.

Makes technical amendments replacing "shall" with "must," "upon" with "on," "within" with "in," and "commissioner" with "director of the department" throughout the section for grammatical and administrative consistency.

Eliminates outdated subsections (17) and (18) regarding the initial plan of operation submission and approval process by the commissioner.

Renumbers remaining subsections accordingly, with the new disclosure requirement becoming subsection (23) and definitions becoming subsection (24).