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MI SB0535
Bill
AI Summary
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Expands the definition of "victim" to include individuals suffering financial injury from towing and storage fees resulting from automobile theft.
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Adds new section 5b allowing insurers to be paid for actual towing and storage fees incurred when victims recover stolen vehicles.
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Authorizes the Crime Victim Services Commission to waive the $200 minimum out-of-pocket loss requirement for victims claiming financial injury or insurers seeking payment under the new section 5b.
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Makes technical changes replacing "shall" with "must" throughout the statute and clarifies that "person" means "individual" in the victim definition.
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Takes effect 90 days after enactment.
Legislative Description
Crime victims; compensation; payment for towing and storage fee for stolen automobile; provide compensation for victim and insurer. Amends title & secs. 1, 4, 10 & 11 of 1976 PA 223 (MCL 18.351 et seq.) & adds sec. 5b.
Insurance: insurers
Last Action
Referred To Committee Of The Whole With Substitute (s-2)
3/17/2020