state_legiscan_drain · MI
Insurance: automobile; requirements to deem a rate excessive; modify. Amends sec. 2109 of 1956 PA 218 (MCL 500.2109).
September 9, 2026
Summary
If enacted, this bill would modify the criteria for determining when an automobile insurance rate is excessive under Michigan's Insurance Code, affecting how insurers set premiums and how the state insurance regulator reviews rate filings. Insurers would need to adjust their rating methodologies, and consumers may see changes in rate approval standards.
AI-generated summary · Sep 13, 2026. Verify with your compliance counsel before acting.
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Source: https://legislature.mi.gov/Bills/Bill?ObjectName=2026-SB-1154
Common questions
- What does "Insurance: automobile; requirements to deem a rate excessive; modify. Amends sec. 2109 of 1956 PA 218 (MCL 500.2109)." cover?
- If enacted, this bill would modify the criteria for determining when an automobile insurance rate is excessive under Michigan's Insurance Code, affecting…
- When was it published?
- It was published on September 9, 2026.