SB 0328
Insurance: automobile; rate reductions; require. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 2111g.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill requires Michigan insurance companies to reduce the total premium charged for new or first renewal auto insurance policies by 10%. This reduction applies to policies issued or renewed after a certain date. The bill ensures that policyholders retain the coverage levels they request, even with the premium reduction. It amends existing state law to implement this change.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Edward W. McBroom
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.