2005 House Bill 5292

Revise insurance “guarantee association” law

Introduced in the House

Oct. 12, 2005

Introduced by Rep. Leslie Mortimer (R-65)

To revise the law that requires Michigan insurance companies to create a “guarantee association,” so as to clarify and enhance the authority of that association to engage in legal action against an insolvent insurance company or related entity.

Referred to the Committee on Insurance

Nov. 3, 2005

Reported without amendment

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

Nov. 10, 2005

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

Nov. 29, 2005

Passed in the House 104 to 0 (details)

Received in the Senate

Nov. 30, 2005

Referred to the Committee on Banking and Financial Institutions

March 21, 2006

Reported without amendment

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

Sept. 6, 2006

Referred to the Committee on Banking and Financial Institutions