December 1, 2004, Introduced by Reps. Julian, Sheltrown, Rivet, Gillard, Van Regenmorter, Vander Veen, Howell, Gleason, Gaffney, Pastor, Farhat, Taub, Newell, Richardville and Shackleton and referred to the Committee on Insurance.
A bill to amend 1956 PA 218, entitled
"The insurance code of 1956,"
(MCL 500.100 to 500.8302) by adding section 452.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 452. (1) As a condition of its authority to transact
2 insurance in this state, an insurer shall pay by April 1 of each
3 year an assessment of $0.80 upon each $100.00 of premium
4 collected on the following classifications of insurance for a
5 risk located within this state for the prior calendar year:
6 (a) Homeowners multiple peril.
7 (b) Farmowners multiple peril.
8 (c) Commercial multiple peril (liability).
9 (d) Commercial multiple peril (nonliability).
10 (e) Commercial automobile.
11 (f) Private passenger nonfleet automobile.
1 (2) The assessment under this section shall be deposited into
2 the public safety training fund created in the public safety
3 training fund act.
4 Enacting section 1. This amendatory act does not take
5 effect unless all of the following bills of the 92nd Legislature
6 are enacted into law:
7 (a) Senate Bill No. _____ or House Bill No. 6363 (request
8 no. 07249'04 *).
9 (b) Senate Bill No. _____ or House Bill No. 6361 (request
10 no. 07250'04 *).
11 (c) Senate Bill No. _____ or House Bill No. 6362 (request
12 no. 07251'04 *).