state_legiscan_drain · MI
Insurance: no-fault; price optimization use in determining insurance rates; prohibit. Amends secs. 2109 & 2119 of 1956 PA 218 (MCL 500.2109 & 500.2119).
June 2, 2026
Summary
If enacted, this bill would prohibit insurers from using price optimization — the practice of using non-risk factors to set rates — in determining insurance rates in Michigan. This would require insurers to base rates solely on risk-based factors, potentially affecting how auto and home insurance premiums are calculated. The bill amends sections 2109 and 2119 of the Michigan Insurance Code.
Source: https://legislature.mi.gov/Bills/Bill?ObjectName=2026-SB-1013
Common questions
- What does "Insurance: no-fault; price optimization use in determining insurance rates; prohibit. Amends secs. 2109 & 2119 of 1956 PA 218 (MCL 500.2109 & 500.2119)." cover?
- If enacted, this bill would prohibit insurers from using price optimization — the practice of using non-risk factors to set rates — in determining…
- When was it published?
- It was published on June 2, 2026.