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MI HB4854
Bill
Status
9/9/2025
Primary Sponsor
Douglas Wozniak
Click for details
AI Summary
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Requires insurance agents representing an insurer to disclose to customers on a director-issued form that they are a representative of the insurance company before selling, soliciting, or negotiating insurance applications
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Requires insurance agents representing the insured (the customer) to disclose on a director-issued form that they are a representative of the insured before selling, soliciting, or negotiating insurance applications
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Mandates use of standardized disclosure forms issued by the director for both types of agent relationships
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Amends the Insurance Code of 1956 by adding Section 1201b to establish these disclosure requirements
Legislative Description
Insurance: producers; disclosure to insured as to whether a producer is an agent of the insured or agent of the insurer; require. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 1201b.
Insurance: insurers
Last Action
Bill Electronically Reproduced 09/09/2025
9/11/2025