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MI SB1069
Bill
AI Summary
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Amends MCL 500.1202 to modify the exemption for persons selling portable electronics insurance by adding a requirement that the exemption only applies subject to subsection (3).
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Subsection (3) limits the portable electronics insurance exemption to 60 days after the Department of Insurance furnishes a limited line portable electronics insurance producer license application under section 1298.
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Renumbers existing subsection (3) as subsection (4) to accommodate the new subsection (3).
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Bill is contingent on enactment of Senate Bills 1070, 1071, 1072, 1073, 1074, 1075, 1076, 1077, and 1078 from the 102nd Legislature.
Legislative Description
Insurance: other; portable electronics insurance; provide for. Amends sec. 1202 of 1956 PA 218 (MCL 500.1202). TIE BAR WITH: SB 1070'24, SB 1071'24, SB 1072'24, SB 1073'24, SB 1074'24, SB 1075'24, SB 1076'24, SB 1077'24, SB 1078'24
Insurance: other
Last Action
Referred To Committee On Regulatory Affairs
11/7/2024