MI SB0793

Increases personal protection insurance (PPI) coverage limits for motor vehicle accident policies to $635,000 for policies issued or renewed July 1, 2023 to June 30, 2025, with biennial increases of 6% or the Consumer Price Index (whichever is lesser) beginning July 1, 2025.

Expands the catastrophic claims association board from 5 to 10 voting members, including representatives for motor vehicle operators, injury claimants, and healthcare providers, with director appointment authority.

Changes actuarial examinations of the association from every three years to annually, with annual reports to the legislature by September 1.

Requires the association to publicly disclose all data, actuarial computations, and assumptions used in calculating member premiums within 15 days of charging, including loss development factors, trend analyses, and mortality assumptions.

Mandates board meetings comply with the open meetings act and makes board records subject to freedom of information act disclosure; grants the director authority to approve or disapprove premium amounts deemed excessive, inadequate, or unfairly discriminatory.