Maddy summaryThis bill modifies Michigan's insurance code to clarify which entities are eligible to sponsor a sponsored captive insurance company. It specifies that sponsors must be licensed insurers, holding companies, reinsurers, or certain captive companies, while explicitly excluding risk retention groups from acting as sponsors or participants. The legislation also outlines specific requirements for securing business written by these captives, mandating that it be backed by a licensed insurer, state-approved reinsurance, or a secured trust fund. Additionally, the bill directs the insurance director to evaluate proposed sponsors based on their financial stability, experience, and business reputation.
Sponsored bills
Maddy summaryThis bill modifies Michigan's insurance code to update the rules for Special Purpose Financial Captives, which are companies that pool risk for specific financial products. It clarifies that issuing new securities to continue securitization activities or swapping out a counterparty for one with a similar or higher credit rating does not count as a major change to the company's plan. The legislation also sets specific deadlines for filing audited financial statements and statements of operations, requires captive insurers to respond to regulator inquiries within 30 days, and establishes a penalty of up to $5,000 plus daily fines for failing to meet these reporting requirements.
Maddy summaryThis bill establishes the Public Library Freedom to Read Act, which creates new rules for how public libraries in Michigan select and remove books and other materials. It requires libraries to adopt written policies that outline their standards for choosing items and the specific steps they must follow when someone requests a book be reconsidered or removed. Under the new law, library directors have the final say on collection decisions, and requests for reconsideration are only reviewed if they come from residents of the library's local area and meet specific conditions, such as the requester having read the entire item. The act defines what counts as a library material and clarifies that it does not apply to websites, interlibrary loans, or programs not run by the library itself.
Maddy summaryThis bill modifies the Michigan Liquor Control Code to prevent the Liquor Control Commission from using certain past violations to deny, suspend, or revoke liquor licenses. Specifically, it states that if at least two years have passed since a violation occurred, the commission cannot consider it when making licensing decisions. The law defines a "qualified violation" as any breach of the liquor code that is not a criminal offense or a state civil infraction. This change aims to ensure that older, non-criminal mistakes do not permanently bar individuals or businesses from holding liquor licenses.
Maddy summaryThis bill increases the discount that specially designated distributors and on-premises licensees receive on alcoholic liquor from 17% to 23%. It also establishes a new certification program for small distillers that use at least 40% Michigan-grown grain, allowing them to sell their products with a lower required profit margin for the state. The law requires the department of agriculture and rural development to certify these distillers, maintain records of their grain sources, and submit annual reports listing certified entities. Additionally, the bill includes penalties for providing false information during the certification process and mandates that distillers keep accurate accounts of their qualified grain transactions for inspection.
Maddy summaryThis bill requires townships in Michigan to adopt a written conflict of interest policy for their officials. Under the new rules, board members must publicly announce and record the factual reasons for any abstentions from voting due to conflicts, including situations where a member seeks to fill a vacancy. The legislation also mandates that members vote on all questions unless excused by unanimous consent and ensures that official records clearly reflect these voting procedures. These provisions aim to increase transparency and accountability in township governance by formalizing how officials handle potential conflicts.
Maddy summaryThis bill modifies Michigan's post-conviction DNA testing laws to allow certain felony defendants to request new trials based on DNA evidence. It establishes specific criteria for petitions, such as requiring proof that biological material exists, was not previously tested, or can be tested with more accurate modern technology. The legislation outlines the court's responsibilities to order testing, cover costs for indigent defendants, and determine whether the results warrant a new trial or the inclusion of the defendant's DNA in state databases.
Maddy summaryHB 6100 updates the definitions for various types of captive insurance companies within Michigan's insurance code. The bill clarifies terms such as "affiliated company," "pure captive insurance company," and "sponsored captive insurance company" to ensure consistent understanding of corporate structures and relationships. These revised definitions apply to insurance regulators, captive insurance providers, and the businesses that utilize these entities to manage their own risks. By standardizing these legal descriptions, the legislation aims to improve clarity and consistency in how insurance regulations are applied and interpreted.
Maddy summaryThis bill amends Michigan's insurance code to update the requirements for captive insurance companies seeking a limited certificate of authority to operate in the state. It clarifies the specific types of risks these companies can insure based on their category, such as pure or association captives, while explicitly excluding certain coverages like first-dollar workers' compensation and personal automobile insurance. The legislation also outlines the detailed information and documentation that applicants must submit to the commissioner and attorney general, including organizational documents, financial evidence, and biographical affidavits for officers. Additionally, the bill permits organizational documents to include provisions limiting director liability for monetary damages, provided that liability for breaches of loyalty, intentional misconduct, or improper personal benefits remains intact.
Maddy summaryThis bill requires the state to avoid policies that conflict with federal rules for certified community behavioral health clinics. It mandates the creation of a process to determine where new clinic sites should be located to prevent overlapping service areas. Additionally, the state must continue cooperating with the federal government on these clinics unless the legislature votes to stop such participation. The bill does not take effect until another related piece of legislation is passed.