2013 House Bill 5192 / 2014 Public Act 392

Revise life insurance regulation detail

Introduced in the House

Dec. 11, 2013

Introduced by Rep. Andrea LaFontaine (R-32)

To allow life insurance companies to use “preferred class structure mortality tables” to determine future-claim reserve levels, subject to specified limitations and restrictions.

Referred to the Committee on Insurance

March 20, 2014

Reported without amendment

Without amendment and with the recommendation that the bill pass.

April 17, 2014

Passed in the House 106 to 1 (details)

Received in the Senate

April 22, 2014

Referred to the Committee on Insurance

June 11, 2014

Reported without amendment

With the recommendation that the bill pass.

Dec. 16, 2014

Passed in the Senate 37 to 0 (details)

To allow life insurance companies to use “preferred class structure mortality tables” to determine future-claim reserve levels, subject to specified limitations and restrictions.

Signed by Gov. Rick Snyder

Dec. 18, 2014