Michigan SB0329 eliminates penalties for lapse of insurance policy for no-fault insurance.

Michigan SB0329 amends sections 2116b, 2118, and 2120 of the 1956 Michigan Insurance Code, and repeals section 2116a. The bill eliminates penalties for lapse of insurance policy for no-fault insurance, allowing insurers to establish underwriting rules based on specific criteria such as vehicle modifications, type of vehicle, and use for commercial purposes. Insurers can no longer penalize individuals for failing to maintain insurance for a vehicle owned by them or a household member.

Michigan SB0329 eliminates penalties for lapse of insurance policy for no-fault insurance.

Michigan SB0329 amends sections 2116b, 2118, and 2120 of the 1956 Michigan Insurance Code, and repeals section 2116a. The bill eliminates penalties for lapse of insurance policy for no-fault insurance, allowing insurers to establish underwriting rules based on specific criteria such as vehicle modifications, type of vehicle, and use for commercial purposes. Insurers can no longer penalize individuals for failing to maintain insurance for a vehicle owned by them or a household member.