MichiganVotes.org: Michigan Laws, Bills and Votes
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using concise, plain and objective descriptions
Legislation watch
2011 Senate Bill 616: Impose death or disability mandate on car loan coverage
Introduced by Sen. Tonya Schuitmaker R-Lawton on September 7, 2011
To require car loan contracts with "asset protection waivers," in which the borrower pays extra in return for debt cancellation insurance if the vehicle is totaled or stolen, to also extend the same coverage to cancel the debt on the death or disability of the borrower. Official Text and Analysis.
Referred to the Senate Regulatory Reform Committee on September 7, 2011
Reported in the Senate on May 1, 2012
With the recommendation that the bill pass.
Received in the House on May 17, 2012
Referred to the House Insurance Committee on May 17, 2012