Michigan HB5419 regulates portable electronics insurance, including definitions, sales practices, and insurer obligations.

Michigan HB5419 amends the insurance code to establish regulations for portable electronics insurance. It defines terms such as "portable electronics insurance" and "portable electronics transaction." The bill mandates that vendors maintain a list of locations offering such insurance and provide written materials to prospective customers. It prohibits compensating employees based primarily on enrollment numbers and allows vendors to bill and collect charges. Insurers must provide electronic consent details and notify customers of policy changes.

Michigan HB5419 regulates portable electronics insurance, including definitions, sales practices, and insurer obligations.

Michigan HB5419 amends the insurance code to establish regulations for portable electronics insurance. It defines terms such as "portable electronics insurance" and "portable electronics transaction." The bill mandates that vendors maintain a list of locations offering such insurance and provide written materials to prospective customers. It prohibits compensating employees based primarily on enrollment numbers and allows vendors to bill and collect charges. Insurers must provide electronic consent details and notify customers of policy changes.