HB 5430 Summary

• Amends the Michigan Insurance Code to prohibit insurers from denying coverage or limiting coverage amounts based on gender, gender identity, or sexual orientation.

• Expands protected classes under unfair insurance practices to include gender, gender identity, and sexual orientation alongside existing protections for race, color, creed, marital status, sex, and national origin.

• Replaces references to "commissioner of insurance" with "director" throughout the statute to reflect administrative changes.

• Modifies language regarding rate differentials to clarify that they must be based on sound actuarial principles and actual loss statistics, with specific reference to "reasonably anticipated experience" for new coverages.