Rep. Stephanie Young

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 requires hospitals and surgical outpatient facilities in Michigan to offer any leftover eye drops or ointments to patients after certain eye surgeries or treatments. The rule applies specifically when the medication was provided by the facility, used during an inpatient stay, and is needed for the patient's continued care at home. If a pharmacist dispenses the remaining medication, they must label it properly and do not need to provide additional usage instructions if the doctor already did so. This change aims to ensure patients have access to necessary post-procedure medications without needing to purchase them elsewhere.

Maddy summaryHB 5735 modifies Michigan's high school graduation requirements by updating the specific credits students must earn to receive a diploma. The bill mandates that graduates complete four math credits, three social science credits, and one credit in health, physical education, or arts, while also requiring two credits in a language other than English or equivalent coursework. Additionally, it introduces a new requirement for students entering eighth grade in 2023 to complete a half-credit personal finance course that can count toward math, arts, or language requirements. These changes apply to all public school districts and public school academies in the state, ensuring a standardized curriculum for graduation.

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 updates the Age of Majority Act to clarify that its provisions do not apply to the Youth Nicotine and Tobacco Act, which keeps the legal age for purchasing tobacco products at 21. By explicitly excluding tobacco regulations from the general definition of adulthood, the legislation ensures that the age limit for buying tobacco remains consistent with current state law. The change affects individuals aged 18 to 20 by maintaining existing restrictions on tobacco sales while they gain full legal rights in other areas.

Maddy summaryThis bill modifies the Insurance Provider Assessment Act to clarify how revenue collected from insurance companies is managed and spent. It establishes rules for depositing funds into a state treasury account, directing the state treasurer to invest the money and credit interest earnings back to the fund. The legislation specifies that these funds can only be used for designated purposes, such as paying Medicaid managed care rates, offsetting revenue losses from previous health insurance assessments, covering administrative costs, and funding a health data utility with amounts that increase annually and adjust for inflation. Additionally, the bill ensures that any leftover money remains in the fund rather than being returned to the general state treasury. The changes will not take effect unless a companion bill, House Bill No. 5283, is also passed into law.

Maddy summaryThis bill directs the Michigan Health Information Technology Commission to select a nonprofit organization to operate a state-wide health data utility by issuing a request for proposals no later than March 1, 2025. The designated entity will be responsible for combining and sharing clinical data from various health care providers to improve care coordination, reduce medical errors, and lower costs. The law requires the selected organization to ensure that only trusted data-sharing organizations can access the system while strictly protecting patient privacy and complying with federal and state laws. Additionally, the commission must develop a strategic plan outlining standards and timelines for implementing this interoperable system to benefit hospitals, physicians, and other health care entities.

Maddy summaryThis bill amends Michigan's Youth Tobacco Act to allow licensed tobacco retailers to sell products at temporary locations like fairs, festivals, and farmers' markets. To comply with the law, retailers must prominently display their license certificate and specific warning signs within six feet of every point of sale at these events. The legislation also establishes administrative fines of $50 per day for failing to display the license and up to $2,500 for failing to display the required warning signs. However, the bill does not take effect until three other related bills are also passed into law.

Maddy summaryThis bill amends Michigan's Age of Majority Act to clarify that the state's minimum age for purchasing tobacco products remains 21, even though the general legal age of adulthood was lowered to 18. By explicitly referencing the Nicotine and Tobacco Act, the legislation ensures that laws restricting tobacco sales to individuals under 21 continue to apply without conflict with other provisions granting adults 18 and older full legal rights. The bill does not change the age limit for buying tobacco but rather updates the legal code to maintain this specific restriction alongside the broader reduction in the age of majority.