HOUSE BILL No. 4026


     January 8, 1997, Introduced by Rep. Ciaramitaro and referred to the Committee on House Oversight and Ethics.


        A bill to amend 1956 PA 218, entitled

   "The insurance code of 1956,"

   (MCL 500.100 to 500.8302) by adding section 455.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         SEC. 455.  (1) EACH AUTOMOBILE, MOTORCYCLE, HOMEOWNER, OR

 2    CASUALTY INSURER SHALL DISCLOSE ON THE DECLARATION PAGE OF EACH

 3    POLICY ISSUED THE AMOUNT CONTRIBUTED BY THE INSURER TO POLITICAL

 4    COMMITTEES, INDEPENDENT COMMITTEES, POLITICAL PARTY COMMITTEES,

 5    OR BALLOT QUESTION COMMITTEES.  THE DISCLOSURE SHALL STATE BOTH

 6    THE TOTAL AMOUNT EXPENDED BY THE INSURER AND THAT AMOUNT SPENT

 7    PER POLICY.

 8         (2) THIS SECTION DOES NOT APPLY TO AN INSURER THAT CONTRIB-

 9    UTES A TOTAL OF LESS THAN $1,000.00 ANNUALLY TO A POLITICAL

10    COMMITTEE, INDEPENDENT COMMITTEE, POLITICAL PARTY COMMITTEE, AND

11    BALLOT QUESTION COMMITTEE.


   00756'97                                                 DKH
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 1         (3) AS USED IN THIS SECTION, "POLITICAL COMMITTEE",

 2    "INDEPENDENT COMMITTEE", "POLITICAL PARTY COMMITTEE", AND "BALLOT

 3    QUESTION COMMITTEE" MEAN THOSE TERMS AS DEFINED IN THE MICHIGAN

 4    CAMPAIGN FINANCE ACT, 1976 PA 388, MCL 169.201 TO 169.282.
















































   00756'97          Final page.                            DKH