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Bill > HB6144
MI HB6144
MI HB6144Insurance: life; gift limit for life insurance producers; modify. Amends sec. 2024a of 1956 PA 218 (MCL 500.2024a).
summary
Introduced
05/25/2022
05/25/2022
In Committee
09/07/2022
09/07/2022
Crossed Over
06/30/2022
06/30/2022
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
101st Legislature
Bill Summary
A bill to amend 1956 PA 218, entitled "The insurance code of 1956," by amending section 2024a (MCL 500.2024a), as added by 1989 PA 68.
AI Summary
This bill amends the Insurance Code of 1956 to modify the gift limit for life insurance producers. Specifically, it increases the maximum cost to the insurer of any article of merchandise that can be given to each applicant for or insured under a life insurance policy from $5.00 to $50.00 per calendar year. This change allows life insurance producers to provide small gifts to their clients up to the new $50.00 limit.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred To Committee On Insurance And Banking (on 09/07/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | http://legislature.mi.gov/doc.aspx?2022-HB-6144 | 05/26/2022 |
| BillText | http://www.legislature.mi.gov/documents/2021-2022/billengrossed/House/htm/2022-HEBH-6144.htm | 10/12/2022 |
| Bill | http://www.legislature.mi.gov/documents/2021-2022/billengrossed/House/pdf/2022-HEBH-6144.pdf | 10/12/2022 |
| Fiscal Note/Analysis - Summary as Reported from Committee | http://www.legislature.mi.gov/documents/2021-2022/billanalysis/House/pdf/2021-HLA-6144-ADC12D6B.pdf | 06/10/2022 |
| Fiscal Note/Analysis - Summary as Introduced | http://www.legislature.mi.gov/documents/2021-2022/billanalysis/House/pdf/2021-HLA-6144-36A01140.pdf | 06/09/2022 |
| BillText | http://www.legislature.mi.gov/documents/2021-2022/billintroduced/House/htm/2022-HIB-6144.htm | 05/26/2022 |
| Bill | http://www.legislature.mi.gov/documents/2021-2022/billintroduced/House/pdf/2022-HIB-6144.pdf | 05/26/2022 |
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