Insurance: other; portable electronics insurance; allow. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 1296. TIE BAR WITH: SB 1069'24, SB 1070'24, SB 1071'24, SB 1072'24, SB 1073'24, SB 1075'24, SB 1076'24, SB 1077'24, SB 1078'24

This bill adds enforcement powers to Michigan's insurance code regarding portable electronics insurance. It allows the state insurance director to impose fines up to $500 per violation, with a total cap of $5,000 for repeated offenses involving the same conduct. Additionally, the director can suspend or revoke licenses for vendors or their employees who break the rules after a formal hearing. The measure does not take effect unless several other related bills in the same legislative package are also passed.