2005 House Bill 5332 / Public Act 260

Allow small insurance inducements

Introduced in the House

Oct. 19, 2005

Introduced by Rep. Richard Ball (R-85)

To allow an insurance company to give a customer (an insured or an applicant) merchandise worth $10 or less as an inducement to buy life insurance, life annuities, and accident and health insurance.

Referred to the Committee on Insurance

Oct. 20, 2005

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Nov. 1, 2005

Passed in the House 104 to 0 (details)

Received in the Senate

Nov. 2, 2005

Referred to the Committee on Banking and Financial Institutions

Nov. 15, 2005

Reported without amendment

With the recommendation that the bill pass.

Nov. 30, 2005

Passed in the Senate 35 to 0 (details)

To allow an insurance company to give a customer (an insured or an applicant) merchandise worth $10 or less as an inducement to buy life insurance, life annuities, and accident and health insurance.

Signed by Gov. Jennifer Granholm

Dec. 14, 2005