Bill
HB 4331
Insurance: property and casualty; insurance withholding amount for fire-damaged homes; increase, and allow for abandoned funds to be used for repairs. Amends sec. 2227 of 1956 PA 218 (MCL 500.2227).
2023-2024 Regular Session
Introduced by Joe Aragona and 15 co-sponsors
Michigan law now allows insurers to withhold more from fire-damage claims and redirects unclaimed funds to accelerate home repairs for affected homeowners.
assigned PA 82'24 with immediate effect