Insurance: automobile; required limits for liability for bodily injury; revise. Amends sec. 3009 of 1956 PA 218 (MCL 500.3009). TIE BAR WITH: HB 5886'26, HB 5887'26, HB 5889'26

This bill proposes to update the minimum liability insurance limits required for automobile policies in Michigan, affecting all vehicle owners and drivers in the state. It establishes new coverage thresholds that will take effect on July 1, 2027, raising the minimum protection for bodily injury and property damage compared to current standards. The legislation also mandates that insurers provide specific forms and pricing options to drivers who wish to purchase lower liability limits voluntarily, while ensuring these drivers acknowledge the associated risks. Additionally, the bill requires insurers to notify policyholders if they remove any coverages from an existing policy.