The bill amends the Michigan Insurance Code of 1956, specifically section 2434, to update the process by which malpractice insurance rating classifications are prescribed. The term "commissioner" is replaced with "director," who will now consult with physician associations and authorized insurers to establish these classifications. Additionally, the requirement for the commissioner to provide the legislature and governor with the intended rating classifications before implementation has been removed.

Furthermore, the bill introduces a new requirement for insurers offering medical malpractice insurance. They must provide the department with information regarding their policies related to perinatal care services by a specified annual date. This information will then be submitted to the Department of Health and Human Services to assist in a study mandated by the public health code. The enactment of this bill is contingent upon the passage of Senate Bill No. 29.

Statutes affected:
Senate Introduced Bill: 500.2434