MI HB6114

Replaces 12% per annum simple interest on overdue personal protection insurance benefits with a requirement that insurers in bad faith pay claimants 3 times the overdue amount plus reasonable attorney fees.

Creates a rebuttable presumption of bad faith if a payment is more than 90 days overdue, with bad faith determination based on totality of evidence available when claim became overdue.

Prohibits duplicate attorney fees under this section and section 3148 when an action is filed for overdue benefits.

Adds new subsection (15) to section 3157 specifying that payment rate limits only apply if benefits are not overdue under section 3142.

Clarifies that payment rates under the medical fee schedule are not admissible in actions against insurers for overdue benefits.