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Bill > HB6100
MI HB6100
MI HB6100Insurance: other; definitions in the insurance code of 1956; revise. Amends sec. 4601 of 1956 PA 218 (MCL 500.4601).
summary
Introduced
11/13/2024
11/13/2024
In Committee
12/18/2024
12/18/2024
Crossed Over
12/12/2024
12/12/2024
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
102nd Legislature
Bill Summary
A bill to amend 1956 PA 218, entitled"The insurance code of 1956,"by amending section 4601 (MCL 500.4601), as amended by 2016 PA 276.
AI Summary
This bill amends Section 4601 of the Insurance Code of 1956 to revise the definitions related to captive insurance companies. Key changes include clarifying the definition of "participant" and "participant contract" to include multiple entities, and broadening the definition of "sponsor" to include any entity that meets the requirements to organize and operate a sponsored captive insurance company. The bill also makes other minor definitional changes to terms like "control," "industrial insured group," and "special purpose captive insurance company." Overall, the bill updates the terminology and structure of the captive insurance company provisions in the Insurance Code.
Committee Categories
Business and Industry, Government Affairs
Sponsors (14)
Helena Scott (D)*,
Felicia Brabec (D),
Brenda Carter (D),
Tyrone Carter (D),
Emily Dievendorf (D),
John Fitzgerald (D),
Mike McFall (D),
Donavan McKinney (D),
Jason Morgan (D),
Cynthia Neeley (D),
Amos O'Neal (D),
Laurie Pohutsky (D),
Penelope Tsernoglou (D),
Stephanie Young (D),
Last Action
Referred To Committee On Government Operations (on 12/18/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2024-HB-6100 |
| BillText | https://legislature.mi.gov/documents/2023-2024/billengrossed/House/htm/2024-HEBH-6100.htm |
| Fiscal Note/Analysis - House: Summary as Reported from Committee | https://legislature.mi.gov/documents/2023-2024/billanalysis/House/pdf/2023-HLA-6099-2ED3482B.pdf |
| Fiscal Note/Analysis - House: Revised Summary as Introduced | https://legislature.mi.gov/documents/2023-2024/billanalysis/House/pdf/2023-HLA-6099-890642C4.pdf |
| Fiscal Note/Analysis - House: Summary as Introduced | https://legislature.mi.gov/documents/2023-2024/billanalysis/House/pdf/2023-HLA-6099-78139596.pdf |
| BillText | https://legislature.mi.gov/documents/2023-2024/billintroduced/House/htm/2024-HIB-6100.htm |
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