Occupations: mortuary science; references to article 18 of the occupational code in the insurance code of 1956; revise. Amends sec. 2080 of 1956 PA 218 (MCL 500.2080). TIE BAR WITH: SB 1060'26

This bill updates Michigan's insurance code to clarify rules about how life insurance companies can interact with funeral homes and cemeteries. It maintains a separation between insurers and funeral businesses by prohibiting insurance companies from owning funeral establishments and restricting how they can contract with funeral directors. The legislation also defines specific conditions under which funeral providers can be licensed to sell limited life insurance policies tied to funeral costs, while ensuring that policy proceeds can be assigned to pay for these services without creating a conflict of interest. Additionally, the bill requires clear disclosures when insurance benefits are insufficient to cover funeral expenses and allows for revocable pre-death assignments of insurance proceeds to pay for funeral services.