Insurance: other; market conduct exams; require insurers to pay for. Amends 1956 PA 218 by adding ch. 4A.

This bill amends Michigan's insurance code to establish a new chapter requiring insurers to cover the costs of market conduct examinations. It creates a structured process where the Department of Insurance first conducts broad market analyses to identify potential issues before deciding on specific examinations. The law outlines a range of actions, from simple correspondence and document reviews to on-site inspections, emphasizing that these exams should focus on general business practices rather than minor, isolated errors. By defining terms like "desk examination" and "targeted examination," the bill aims to make the regulatory review process more transparent and cost-effective for both the state and insurance companies.