2012 Senate Bill 1305 / Public Act 441

Allow insurance rate setting factors not otherwise banned by law

Introduced in the Senate

Sept. 20, 2012

Introduced by Sen. Joe Hune (R-22)

To allow property and casualty insurers to use customer rate-setting factors not specifically permitted or banned in the insurance code if they reasonably reflect anticipated reductions or increases in a customer’s losses or expenses.

Referred to the Committee on Insurance

Nov. 29, 2012

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Substitute offered

The substitute passed by voice vote

Passed in the Senate 36 to 2 (details)

Received in the House

Nov. 29, 2012

Referred to the Committee on Insurance

Dec. 6, 2012

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Dec. 12, 2012

Passed in the House 64 to 44 (details)

To allow property and casualty insurers to use customer rate-setting factors not specifically permitted or banned in the insurance code if they reasonably reflect anticipated reductions or increases in a customer’s losses or expenses.

Signed by Gov. Rick Snyder

Dec. 22, 2012