MI HB5126

Requires medical marihuana licensees to maintain a minimum of $100,000 in liability insurance per license covering bodily injuries from adulterated marihuana or marihuana-infused products, rather than allowing alternative forms of financial responsibility such as cash or bonds.

Specifies that liability insurance must be issued by an authorized insurer or captive insurance company under Michigan's insurance code and cannot include exclusions that relieve the insurer from liability for claims covered under this act.

Covers bodily injuries caused by intentional conduct of licensees or their employees, except when the conduct was intended to cause harm.

Requires licensees to file an attestation of compliance signed by an officer of the insurance company, and mandates immediate license suspension if proof of financial responsibility is not maintained.

Tied to enactment of Senate Bill or House Bill 5127 for this bill to take effect.