Insurance: other; portable electronics insurance; allow. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 1298. TIE BAR WITH: SB 1069'24, SB 1070'24, SB 1071'24, SB 1072'24, SB 1073'24, SB 1074'24, SB 1076'24, SB 1077'24, SB 1078'24

This bill creates a new licensing category for vendors selling portable electronics insurance in Michigan. It requires companies to submit detailed applications listing specific personnel and office locations to the state department. The law also sets fee limits, charging up to $1,000 for initial licenses or $500 for renewals, with reduced rates of $100 for vendors operating at ten or fewer locations. Because the bill is tied to several other pieces of legislation, it will only become active if all related bills are passed and signed into law.