Michigan SB0545 mandates insurers to provide written notices and explanations for material changes in auto and homeowners insurance policies.

Michigan SB0545 amends the insurance code to require insurers to provide written notices and explanations for material changes in auto and homeowners insurance policies. A material change includes nonrenewal, cancellation, premium increases over 10%, or reductions in coverage. Insurers must explain the principal factors for these changes and provide a point of contact for discussion. The law applies to policies issued, delivered, amended, or renewed after January 1, 2026. Insurers can deliver notices and explanations via first-class mail or electronic means.

Michigan SB0545 mandates insurers to provide written notices and explanations for material changes in auto and homeowners insurance policies.

Michigan SB0545 amends the insurance code to require insurers to provide written notices and explanations for material changes in auto and homeowners insurance policies. A material change includes nonrenewal, cancellation, premium increases over 10%, or reductions in coverage. Insurers must explain the principal factors for these changes and provide a point of contact for discussion. The law applies to policies issued, delivered, amended, or renewed after January 1, 2026. Insurers can deliver notices and explanations via first-class mail or electronic means.