The Michigan Legislature’s Joint Committee on Administrative Rules last week voted to object to the Granholm administration’s proposed rule that would ban credit-based insurance scoring and roll back base rates. The move was all but symbolic, however, as the legislature now has only 15 session days to pass legislation overturning the rule and such legislation would surely be vetoed by Granholm anyway.
Office of Financial and Insurance Services Commissioner Linda Watters called the vote “partisan” and a “gift to the insurance industry.” Republican Sen. Mike Bishop, a member of the committee, said he and others voted against the rule to object to the administration’s use of the administrative rule-making process to usurp what they view as the legislative branch’s authority.
The rule is likely to become official in late March and would become effective July 1.
Topics Michigan
Was this article valuable?
Here are more articles you may enjoy.
Artist Suing FIFA Over Destruction of Dallas Whale Mural 
AIG’s Turnaround Under Zaffino Sets Stage for New Leadership 
DeSantis Plan to Cut Florida Property Taxes Heads to Ballot—With Schools Removed 
USI Insurance Services Claims Ex-Broker Poached Clients for Own New Agency 
