SB 548 Michigan Senate · 2025-2026 Regular Session

Insurance: other; market conduct exams; require insurers to pay for. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding ch. 4A.

SB 548 requires Michigan insurance companies to cover the costs of state-mandated market conduct exams, which are regulatory reviews of insurers' business practices. This bill amends Michigan's insurance code (MCL 500.100-500.8302) by adding Chapter 4A to establish this requirement. It directly affects all insurers operating in Michigan by shifting the financial responsibility for these exams from the state to the companies themselves. The bill was introduced by Senator Jeff Irwin on September 17, 2025, and recently advanced to the Committee of the Whole with a favorable report.

Bill status in committee 1 of 4 stages cleared

Introduction

Sep 2025

Committee Review

Floor Vote

Governor

Introduced Sep 17, 2025 Last action Oct 15, 2025

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What changed between versions

Senate Introduced Bill → Substitute (S-1) · 4 edits

MODERATE

The bill was amended from its original introduction to a substitute version (S-1), primarily adding new definitions and procedural steps for market conduct examinations. The changes clarify what constitutes a 'market conduct action' and establish a continuum of actions the director may take before conducting an on-site examination, including correspondence with the insurer. These modifications aim to provide greater clarity and structure to how insurance market practices are reviewed and addressed.

Scope change

The scope of the bill remains focused on market conduct examinations under the Michigan Insurance Code, but the procedural framework for conducting these examinations has been expanded with new definitions and steps.

DEFINITION

Added a new definition for 'desk examination' to clarify that it is a targeted examination conducted at a location other than the insurer's premises.

Added a new definition for 'qualified contract examiner' to specify qualifications required for individuals contracted to perform market conduct actions.

REQUIREMENT

Modified the definition of 'market conduct action' to explicitly include the provision of a targeted examination following a market analysis and to clarify that it does not include resolving individual consumer complaints.

Added a new requirement establishing a continuum of market conduct actions (including correspondence with the insurer) that the director may consider before conducting a targeted on-site examination.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Oct 15, 2025

Committee

REFERRED TO COMMITTEE OF THE WHOLE WITH SUBSTITUTE (S-1)

upper

Oct 15, 2025

Upper · Passed

REPORTED FAVORABLY WITH SUBSTITUTE (S-1) 10/14/2025

upper

Sep 17, 2025

Committee

REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

upper

Sep 17, 2025

Introduced

INTRODUCED BY SENATOR JEFF IRWIN

upper

1 primary · 8 co-sponsors