Michigan HB5299 revises definitions for personal protection insurance benefits in no-fault insurance policies.
Michigan HB5299 amends the definitions in section 3107c of the Michigan Compiled Laws to clarify coverage options for personal protection insurance benefits in no-fault insurance policies. It specifies that applicants or named insureds must select a coverage level for personal protection insurance benefits, with options ranging from $50,000 to no limit per individual per loss occurrence. The bill also introduces a rebuttable presumption that the premium paid reflects the selected coverage level if no selection is made.
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