MI HB5859

Requires insurers to send written notice at least annually with automobile or home insurance renewal notices, bills, or payment due notices disclosing available information upon policyholder request.

Notice must include specific rating classifications used to determine rates, general explanation of rate variations, sources and procedures for obtaining premium calculation information, policyholder appeal rights, underwriting rules based on insurance eligibility points, and suggestion to contact agent about alternative coverage options.

Insurers must provide telephone number and internet address for policyholders to request information in written or electronic format.

Requires insurers to disclose in writing no more than 30 days before policy expiration whether renewal premium has increased, decreased, or remained unchanged, including previous premium amount, new premium amount, the difference, and explanation of reasons for any change.

Insurers are not required to disclose information determined to be trade secrets by the director; effective 90 days after enactment.