Insurance: other; portable electronics insurance; allow. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 1297. TIE BAR WITH: SB 1069'24, SB 1070'24, SB 1071'24, SB 1072'24, SB 1073'24, SB 1074'24, SB 1075'24, SB 1076'24, SB 1077'24

This bill requires insurance companies to give vendors and their customers at least 30 days' written notice before canceling or changing portable electronics insurance policies. It mandates that any policy changes be clearly explained to both the vendor and the customer through updated documents or summaries. The law also allows for immediate cancellation only in specific situations, such as fraud, nonpayment, or when the customer no longer has an active service with the vendor. Additionally, the bill permits notices to be sent via mail or electronic means if the customer has provided an email address.