state_legiscan_drain · MI
Insurance: reinsurance; innovative waiver for a reinsurance program; provide for. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 3406nn. TIE BAR WITH: SB 0973'26
May 14, 2026
Summary
If enacted, this bill would allow the Michigan Department of Insurance and Financial Services to create an innovative waiver program for reinsurance arrangements, permitting insurers to apply for exemptions from certain reinsurance requirements to encourage innovation and market stability. The bill is tied to SB 0973.
Source: https://legislature.mi.gov/Bills/Bill?ObjectName=2026-SB-0977
Common questions
- What does "Insurance: reinsurance; innovative waiver for a reinsurance program; provide for. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 3406nn. TIE BAR WITH: SB 0973'26" cover?
- If enacted, this bill would allow the Michigan Department of Insurance and Financial Services to create an innovative waiver program for reinsurance…
- When was it published?
- It was published on May 14, 2026.