HB 5928 Summary

• Requires all qualified insurance policies (those covering property loss and business interruption) delivered or renewed in Michigan to include coverage for business interruption losses related to COVID-19, including the virus itself, executive orders by the governor, and orders by civil authorities.

• Prohibits insurers from denying COVID-19 related business interruption claims based on absence of physical damage to property or exclusions for virus-related losses, regardless of policy language.

• Mandates automatic renewal of qualified insurance policies expiring after December 31, 2019 but before 6 months after the state of emergency declaration ends, at the same premium as the expiring policy.

• Requires insurers to file new or modified qualified insurance forms with the Michigan Department of Insurance for express director approval before delivery or issuance in the state.

• Modifies section 2236 to allow the director to disapprove insurance forms under new section 2245 procedures and creates a 30-day approval period for form submissions.