Legislator Sponsors New State Auto Insurance Bill – InsuranceNewsNet

Legislator Sponsors New State Auto Insurance Bill – InsuranceNewsNet

Associated Newspapers of Michigan (Detroit, MI)

State Rep. Jewell Jones (D-Inkster), together with fellow members of the Michigan House of Representatives Democratic Caucus launched a package deal of payments final week with bipartisan help to deal with considerations associated to transparency and accountability with the state auto no-fault legislation and auto insurance coverage system.
“Insurance corporations are experiencing document earnings whereas hard-working Michiganders are scuffling with rising costs and decreased protection,” Jones stated. “We want an insurance coverage system that works for us, not simply insurance coverage corporations. My invoice would sort out the follow of redlining by banning auto insurance coverage corporations from utilizing ZIP codes to cost sure communities, normally these which can be Black or brown, larger costs. It’s time we repair this and get auto accident survivors the care they want.”
Jones sponsored House Bill House 6005 which might prohibit price discrimination on the premise of any class protected beneath the Elliott-Larsen Civil Rights Act (marital standing, weight, intercourse, and so forth.), credit score scores or different monetary stress measures, and geographical location inside Michigan and require insurance coverage corporations which have affiliate networks or the identical guardian firm to supply customers a quote that’s the lowest they’d get inside the firm or community.
Also launched had been House Bill 5996 which might deal with the problem of prohibiting insurers from denying fee if the remedy is “not normally related” with accepted remedy. Sponsored by state Rep. Julie Rogers (D-Kalamazoo); House Bill 5997 which might place penalties on insurance coverage corporations that unreasonably deny claims. “Bad Faith Denial.” Sponsored by state Rep. Yousef Rabhi (D-Ann Arbor); House Bill 5998 which might repair the loophole the place some courtroom rulings have mainly exempted all regulated and licensed companies (like insurance coverage corporations) from the Michigan Consumer Protection Act; House Bill 5999 would require the Department of Insurance and Financial Services to put up their reviews on auto no-fault complaints, billing points, and utilization evaluate publicly on its web site. The reviews will embody the variety of circumstances per affected person. Sponsored by state Rep. Kevin Coleman (D-Westland); House Bill 6000 would require auto insurers to get their charges authorised by DIFS, with an 8 p.c revenue margin cap. Sponsored by state Rep. Rachel Hood (D-Grand Rapids); House Bill 6001 would require funds to be issued inside 30 days when the Michigan Catastrophic Claims Association (MCCA) is statutorily mandated to problem refund funds to customers. Sponsored by state Rep. Kelly Breen (D-Novi); House Bill 6002 would prohibit insurance coverage corporations or the third-party corporations which can be related to the insurance coverage firm from reviewing administrative appeals. Sponsored by state Rep. Padma Kuppa (D-Troy); House Bill 6003 would prohibit insurers from refusing to pay supplier payments on the premise that the invoice isn’t within the insurer’s most popular format or on the insurer’s most popular type. Sponsored by state Rep. Regina Weiss (D-Oak Park) and House Bill 6004 would require the MCCA to reveal actuarial computation utilized in price setting. Sponsored by state Rep. Mary Cavanagh (D-Redford.

https://insurancenewsnet.com/oarticle/legislator-sponsors-new-state-auto-insurance-bill

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