MI HB5473

Amends section 2006 of the Insurance Code of 1956 to make minor technical corrections regarding timely payment of insurance claims and interest provisions.

Changes language from "shall not be found to have" to "has not" regarding unfair trade practices for late claim payments, and replaces "shall" with "must" in several subsections for grammatical consistency.

Updates the definition of "health facility" to reference MCL 333.22121 instead of MCL 333.22260 to align with amendments to the Public Health Code.

Corrects references to proof of loss requirements by adding "insurer's" and making other minor clarifications to the claim processing procedures for health plans.

Bill takes effect only if Senate Bill No. ____ or House Bill No. 5477 is enacted into law (tie bar provision).