Insurance: reinsurance; innovative waiver for a reinsurance program; provide for. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 3406nn. TIE BAR WITH: SB 0973'26

Summary

The bill directs the state insurance department to apply for a Section 1332 innovation waiver, allowing it to waive certain ACA provisions, establish a reinsurance program, and maximize federal funding. It requires a draft application, a 30‑day public comment period, and a report on funding needs. The measure only takes effect if companion SB 973 is enacted.

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