This bill amends the Michigan Insurance Code of 1956, specifically section 2434, to update the process by which malpractice insurance rating classifications are prescribed. The bill replaces the term "commissioner" with "director" and mandates that the director consult with physician associations and authorized insurers when establishing these classifications. Additionally, it introduces a requirement for insurers offering medical malpractice insurance to provide the department with information regarding their policies related to perinatal care services on an annual basis.

Furthermore, the bill stipulates that the department must submit the collected information to the Department of Health and Human Services within 60 days for a study mandated under the public health code. The previous requirement for the commissioner to furnish rating classifications to the legislature and governor before implementation has been removed, streamlining the process. The enactment of this bill is contingent upon the passage of Senate Bill No. 29.

Statutes affected:
Senate Introduced Bill: 500.2434
As Passed by the Senate: 500.2434