HB5931 Summary

• Reduces civil penalties and fines for insurance code violations by 50%, lowering maximum fines from $1,000-$50,000 to $500-$25,000 for initial violations, and from $20,000-$100,000 to $10,000-$50,000 for knowingly violating cease and desist orders.

• Modifies automobile and home insurance rating requirements by removing prohibitions on sex-based rates and simplifying rate filing procedures, allowing rates to be used immediately upon filing rather than after a 90-day waiting period.

• Eliminates complex personal protection insurance coverage limits and optional reduced coverage plans (sections 3107c, 3107d, 3109a) that allowed lower liability limits and exclusions based on qualified health coverage, reinstating standard coverage requirements.

• Restructures personal protection insurance benefit claims by removing the assigned claims plan's complex eligibility determination process and replacing it with a simplified system where claimants claim directly from applicable insurers in priority order.

• Repeals multiple insurance code sections related to reduced coverage limits, health coverage exclusions, attendant care payment limitations, and medical provider payment restrictions that were enacted in 2019-2021.