Insurance: no-fault; treatment and services for injuries; revise. Amends sec. 2111f of 1956 PA 218 (MCL 500.2111f). TIE BAR WITH: HB 5501'26

Summary

The bill forces auto insurers in Michigan to file lower rates for personal protection coverage, with reductions from 10% to 45% depending on the policy limits. Insurers must prove compliance to the state director, and any cost savings must be used for treatment and services for people injured in crashes that occurred before July 2 2021. It also lets insurers apply for limited exemptions under certain financial or constitutional conditions.

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