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Legislation watch
2013 House Bill 5192: Revise life insurance regulation detail
Public Act 392 of 2014
Introduced by Rep. Andrea LaFontaine (R) on December 11, 2013
To allow life insurance companies to use “preferred class structure mortality tables” to determine future-claim reserve levels, subject to specified limitations and restrictions. Official Text and Analysis.
Referred to the House Insurance Committee on December 11, 2013
Reported in the House on March 20, 2014
Without amendment and with the recommendation that the bill pass.
Received in the Senate on April 22, 2014
Referred to the Senate Insurance Committee on April 22, 2014
Reported in the Senate on June 11, 2014
With the recommendation that the bill pass.
Signed by Gov. Rick Snyder on December 18, 2014