Public Act

Public Act 67 of 2017 (EHB 4325)
S-06/29/17 F-06/30/17, IE

Description

Provide for continuing education credit carryover system for insurance producers.

Amending Language

AN ACT to amend 1956 PA 218, entitled “An act to revise, consolidate, and classify the laws relating to the insurance and surety business; to regulate the incorporation or formation of domestic insurance and surety companies and associations and the admission of foreign and alien companies and associations; to provide their rights, powers, and immunities and to prescribe the conditions on which companies and associations organized, existing, or authorized under this act may exercise their powers; to provide the rights, powers, and immunities and to prescribe the conditions on which other persons, firms, corporations, associations, risk retention groups, and purchasing groups engaged in an insurance or surety business may exercise their powers; to provide for the imposition of a privilege fee on domestic insurance companies and associations and the state accident fund; to provide for the imposition of a tax on the business of foreign and alien companies and associations; to provide for the imposition of a tax on risk retention groups and purchasing groups; to provide for the imposition of a tax on the business of surplus line agents; to provide for the imposition of regulatory fees on certain insurers; to provide for assessment fees on certain health maintenance organizations; to modify tort liability arising out of certain accidents; to provide for limited actions with respect to that modified tort liability and to prescribe certain procedures for maintaining those actions; to require security for losses arising out of certain accidents; to provide for the continued availability and affordability of automobile insurance and homeowners insurance in this state and to facilitate the purchase of that insurance by all residents of this state at fair and reasonable rates; to provide for certain reporting with respect to insurance and with respect to certain claims against uninsured or self-insured persons; to prescribe duties for certain state departments and officers with respect to that reporting; to provide for certain assessments; to establish and continue certain state insurance funds; to modify and clarify the status, rights, powers, duties, and operations of the nonprofit malpractice insurance fund; to provide for the departmental supervision and regulation of the insurance and surety business within this state; to provide for regulation over worker’s compensation self-insurers; to provide for the conservation, rehabilitation, or liquidation of unsound or insolvent insurers; to provide for the protection of policyholders, claimants, and creditors of unsound or insolvent insurers; to provide for associations of insurers to protect policyholders and claimants in the event of insurer insolvencies; to prescribe educational requirements for insurance agents and solicitors; to provide for the regulation of multiple employer welfare arrangements; to create an automobile theft prevention authority to reduce the number of automobile thefts in this state; to prescribe the powers and duties of the automobile theft prevention authority; to provide certain powers and duties upon certain officials, departments, and authorities of this state; to provide for an appropriation; to repeal acts and parts of acts; and to provide penalties for the violation of this act,” by amending sections 835a, 1204a, and 1204c (MCL 500.835a, 500.1204a, and 500.1204c), section 835a as added by 2016 PA 558, section 1204a as amended by 2008 PA 575, and section 1204c as amended by 2008 PA 574; and to repeal acts and parts of acts.

Categories

INSURANCE, Producers

Introduced On

March 7, 2017

Primary Sponsor

Barrett, Tom

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Bill History
3/7/2017Houseintroduced by Representative Tom Barrett
3/7/2017Houseread a first time
3/7/2017Housereferred to Committee on Insurance
3/8/2017Housebill electronically reproduced 03/07/2017
3/30/2017Housereported with recommendation with substitute H-1
3/30/2017Housereferred to second reading
4/20/2017Houseread a second time
4/20/2017Housesubstitute H-1 adopted
4/20/2017Houseplaced on third reading
4/20/2017Housesubstitute H-1 adopted
4/26/2017Houseread a third time
4/26/2017Housepassed; given immediate effect Roll Call # 75 Yeas 106 Nays 2
4/26/2017Housetransmitted
4/27/2017SenateREFERRED TO COMMITTEE ON INSURANCE
6/8/2017SenateREPORTED FAVORABLY WITHOUT AMENDMENT
6/8/2017SenateCOMMITTEE RECOMMENDED IMMEDIATE EFFECT
6/8/2017SenateREFERRED TO COMMITTEE OF THE WHOLE
6/14/2017SenateREPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITH SUBSTITUTE S-1
6/14/2017SenateSUBSTITUTE S-1 CONCURRED IN
6/14/2017SenatePLACED ON ORDER OF THIRD READING WITH SUBSTITUTE S-1
6/14/2017SenateSUBSTITUTE S-1 CONCURRED IN
6/15/2017SenatePASSED; GIVEN IMMEDIATE EFFECT ROLL CALL # 270 YEAS 38 NAYS 0 EXCUSED 0 NOT VOTING 0
6/15/2017SenateINSERTED FULL TITLE
6/15/2017Housereturned from Senate with substitute S-1 with immediate effect and full title
6/15/2017Houselaid over one day under the rules
6/20/2017HouseSenate substitute S-1 concurred in
6/20/2017House Roll Call # 219 Yeas 105 Nays 1
6/20/2017Housefull title agreed to
6/20/2017Housebill ordered enrolled
6/20/2017HouseSenate substitute S-1 concurred in
7/12/2017Housepresented to the Governor 6/26/2017 @ 10:30 AM
7/12/2017Houseapproved by the Governor 6/29/2017 @ 9:20 AM
7/12/2017Housefiled with Secretary of State 6/30/2017 @ 10:38 AM
7/12/2017Houseassigned PA 67'17 with immediate effect
Documents
House Introduced Bill
Introduced bills appear as they were introduced and reflect no subsequent amendments or changes.
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As Passed by the House
As Passed by the House is the bill, as introduced, that includes any adopted House amendments.
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As Passed by the Senate
As Passed by the Senate is the bill, as received from the House, that includes any adopted Senate amendments.
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House Concurred Bill
Concurred bill is the version passed in identical form by both houses of the Legislature, issued prior to availability of the Enrolled bill.
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Public Act
Public Act is a bill that has become law.
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House Enrolled Bill
Enrolled bill is the version passed in identical form by both houses of the Legislature.
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House Fiscal Agency Analysis
Summary As Introduced (3/15/2017) This document analyzes: HB4325
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House Fiscal Agency Analysis
Revised Summary As Introduced (3/29/2017) This document analyzes: HB4325
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House Fiscal Agency Analysis
Analysis as Reported From Committee (4/14/2017) This document analyzes: HB4325
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Senate Fiscal Analysis
SUMMARY OF HOUSE-PASSED BILL IN COMMITTEE (Date Completed: 6-7-17) This document analyzes: HB4325
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Senate Fiscal Analysis
SUMMARY OF BILL REPORTED FROM COMMITTEE (Date Completed: 6-9-17) This document analyzes: HB4325
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Senate Fiscal Analysis
SUMMARY OF BILL ON THIRD READING (Date Completed: 6-15-17) This document analyzes: HB4325
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03/16/17 - Michigan Association of Health Underwriters - Testimony
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03/30/17 - House-Insurance - Minutes
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06/07/17 - Senate-Insurance - Minutes
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06/07/17 - Ryan Burtka, Michigan Association of Health Underwriters - Testimony
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Appeared in the following MIRS Stories