Insurance: no-fault; treatment and services for injuries; revise. Amends sec. 2111f of 1956 PA 218 (MCL 500.2111f). TIE BAR WITH: HB 5501'26

HB 5981 requires automobile insurers in Michigan to file premium rates that achieve specific percentage reductions for personal protection insurance coverage by July 1, 2020, and maintain those reductions through 2028. The bill mandates that the state insurance director review and disapprove any filings that fail to meet these reduction targets, which vary based on the policy's coverage limits. Additionally, insurers must pass on savings from medical treatment costs incurred in accidents before July 2, 2021, and cannot issue or renew policies without director approval of their rates.