Bill
SB 546
Insurance: other; penalties for late payment of claims; increase. Amends secs. 2006 & 3142 of 1956 PA 218 (MCL 500.2006 & 500.3142).
2025-2026 Regular Session
Introduced by Rosemary Bayer and 8 co-sponsors
Michigan bill increases financial penalties on insurance companies for delayed claim payments to strengthen consumer protections and incentivize faster claim processing.
PLACED ON ORDER OF THIRD READING