April 28, 2011, Introduced by Reps. Howze, Opsommer, Glardon, Liss, Stallworth, Talabi, Kandrevas, Townsend, Irwin, Ouimet, Melton, Cavanagh, Brunner, Stapleton, Ananich, Geiss, Hobbs, Darany, Roy Schmidt, Olumba, Durhal, Stanley, Wayne Schmidt, Hooker, LeBlanc, MacMaster, Jackson, Smiley, Yonker, Scott, Potvin and Segal and referred to the Committee on Insurance.
A bill to amend 1956 PA 218, entitled
"The insurance code of 1956,"
(MCL 500.100 to 500.8302) by adding section 2157.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 2157. If it is determined through the dispute resolution
process set forth in 15 USC 1681i(a) that the credit information of
a current insured was incorrect or incomplete and if the insurer
receives notice of this determination from either the consumer
reporting agency or from the insured, the insurer shall reevaluate
the insured within 30 days of receiving the notice. After
reevaluating the insured, the insurer shall make any adjustments
necessary, consistent with this act and the insurer's underwriting,
rating guidelines, and premium discount plan. If an insurer
determines that the insured has overpaid premium, the insurer shall
refund to the insured the amount of overpayment calculated back to
the shorter of either the last 12 months of coverage or the actual
Enacting section 1. This amendatory act does not take effect
unless all of the following bills of the 96th Legislature are
enacted into law:
(a) Senate Bill No.____ or House Bill No. 4593(request no.
(b) Senate Bill No.____ or House Bill No. 4594(request no.
(c) Senate Bill No.____ or House Bill No. 4595(request no.