HB 5381
Insurance: other; definitions in the insurance code of 1956; revise. Amends sec. 4601 of 1956 PA 218 (MCL 500.4601).
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill revises definitions used in Michigan’s insurance code. It clarifies terms related to captive insurance companies, including affiliated companies, alien captive insurers, association captives, industrial insureds, and sponsored captives. The changes aim to provide greater clarity and consistency in how these terms are applied within the state’s insurance regulatory framework.
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Primary sponsor
Cameron Cavitt
Cosponsor
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