This bill amends the Michigan Insurance Code of 1956, specifically section 3107c, to establish new coverage options for personal protection insurance benefits. It requires that, for insurance policies issued or renewed after July 1, 2020, applicants or named insured individuals must select from specified coverage levels: $50,000, $250,000, $500,000, or no limit. The $50,000 option is only available to those enrolled in Medicaid and whose household members have qualifying health coverage. The bill also mandates that the selection form must clearly outline the benefits and risks associated with each coverage option and require the applicant's acknowledgment and signature.

Additionally, the bill introduces provisions regarding the presumption of coverage levels if an effective selection is not made, stating that the premium paid will reflect the coverage level unless otherwise specified. It clarifies that the selected coverage applies to the named insured, their spouse, and relatives living in the same household. Furthermore, it specifies that if multiple policies are in effect, benefits are payable only up to the highest limit available under any one policy. The bill also includes a requirement for insurers to offer a rider for attendant care coverage exceeding the selected limit.

Statutes affected:
House Introduced Bill: 500.3107