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MI HB4660
Bill
Status
5/23/2019
Primary Sponsor
Karen Whitsett
Click for details
AI Summary
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Prohibits insurers from using FICO scores in underwriting or establishing rates for automobile insurance, including premium discount plans and group plans.
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Prohibits redlining in underwriting or establishing rates for automobile insurance, including premium discount plans and group plans.
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Clarifies that section 2111b applies to automobile insurance written on a group, franchise, blanket policy, or similar basis, which are otherwise exempt from the insurance code's classification requirements.
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Prohibits insurers from offering premium discount plans based on health care services, automobile repair providers, or materials used in automobile repairs.
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Adds section 2111b to establish prohibited factors in automobile insurance rating while preserving existing permissible classification factors related to driver behavior, vehicle characteristics, and safety measures.
Legislative Description
Insurance; no-fault; rates; prohibit the use of certain factors. Amends secs. 2105, 2110a, 2111 & 2151 of 1956 PA 218 (MCL 500.2105 et seq.) & adds sec. 2111b.
Insurance: no-fault
Last Action
Bill Electronically Reproduced 05/24/2019
5/24/2019