SURPLUS INS.: ADMINISTRATIVE FEE H.B. 6098 (S-1): FLOOR ANALYSIS
House Bill 6098 (Substitute S-1 as reported)
Sponsor: Representative Joe Hune
House Committee: Insurance
Senate Committee: Banking and Financial Institutions
The bill would amend the Insurance Code to allow a surplus lines licensee to charge a reasonable administrative fee in connection with a transaction of surplus lines insurance, in an amount the licensee considered appropriate.
Proposed MCL 500.1241 Legislative Analyst: Patrick Affholter
The bill would have no fiscal impact on State or local government.
Date Completed: 12-12-06 Fiscal Analyst: Elizabeth Pratt
floor\hb6098 Analysis available @ http://www.michiganlegislature.org
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.
Analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent. hb6098/0506