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MI HB4854
MI HB4854Insurance: producers; disclosure to insured as to whether a producer is an agent of the insured or agent of the insurer; require. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 1201b.
summary
Introduced
09/09/2025
09/09/2025
In Committee
09/09/2025
09/09/2025
Crossed Over
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 1956 PA 218, entitled"The insurance code of 1956,"(MCL 500.100 to 500.8302) by adding section 1201b.
AI Summary
This bill amends the Michigan insurance code to require insurance producers (agents) to disclose their representation status to potential customers before selling, soliciting, or negotiating an insurance application. Specifically, agents who represent an insurance company must clearly inform customers on a form provided by the state director that they are a representative of the insurer, and agents who represent the insured (customer) must similarly disclose that they are representing the insured's interests. This disclosure requirement aims to provide transparency about the agent's role and potential conflicts of interest, helping consumers understand whether the agent is working primarily for their benefit or for an insurance company's benefit when discussing insurance products. By mandating this clear communication upfront, the bill seeks to ensure that insurance customers have important information about their agent's loyalties and motivations before entering into an insurance transaction.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Bill Electronically Reproduced 09/09/2025 (on 09/11/2025)
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=2025-HB-4854 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/House/htm/2025-HIB-4854.htm |
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