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Legislation watch
2019 House Bill 4508: Regulate travel insurance
Public Act 266 of 2020
Introduced by Rep. Michael Webber (R) on April 25, 2019
To impose a premium tax and an extensive regulatory regime on “travel insurance.” The bill would add emergency evacuation, repatriation of remains and indemnification of other travel-related contingencies to the current statutory definition of travel insurance, and would also extend an existing business income tax levy on insurance premiums to this type of insurance. Official Text and Analysis.
Referred to the House Insurance Committee on April 25, 2019
Reported in the House on February 6, 2020
Refer to the Committee on Ways and Means with the recommendation that the substitute (H-1) be adopted.
Referred to the House Ways and Means Committee on February 6, 2020
Referred in the House on February 11, 2020
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Received in the Senate on February 26, 2020
Referred to the Senate Insurance and Banking Committee on February 26, 2020
Reported in the Senate on November 5, 2020
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
To impose a premium tax and an extensive regulatory regime on “travel insurance.” The bill would add emergency evacuation, repatriation of remains and indemnification of other travel-related contingencies to the current statutory definition of travel insurance, and would also extend an existing business income tax levy on insurance premiums to this type of insurance
.
Received in the House on December 15, 2020
Signed by Gov. Gretchen Whitmer on December 29, 2020