Insurance: other; portable electronics insurance; provide for. Amends sec. 1202 of 1956 PA 218 (MCL 500.1202).
This bill amends Michigan's insurance code to clarify which individuals and entities are exempt from needing an insurance producer license. It specifically adds a new exemption for sales of portable electronics insurance when those sales are incidental to the purchase of a device, provided that customers receive clear written disclosures about coverage details, claim processes, and cancellation rights. The legislation also maintains existing exemptions for various other roles, such as employees handling claims, administrative staff, and those selling travel or storage insurance under specific conditions. By defining these exceptions, the bill aims to regulate how certain types of incidental insurance are sold while reducing licensing requirements for qualified individuals.
Bill status
in committee
1 of 4 stages cleared
Introduction
Nov 2024
Committee Review
Floor Vote
Governor
Introduced Nov 7, 2024
Last action Nov 7, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Nov 7, 2024
Committee
REFERRED TO COMMITTEE ON REGULATORY AFFAIRS
upper
Nov 7, 2024
Introduced
INTRODUCED BY SENATOR SAM SINGH
upper
1 primary · 1 co-sponsor
Sponsors
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