SB-0236,As Passed Senate,May 28, 2003                                       

    SUBSTITUTE FOR

    SENATE BILL NO. 236

(As amended May 28, 2003)                                                   

A bill to amend 1980 PA 350, entitled                                             

"The nonprofit health care corporation reform act,"                         

(MCL 550.1101 to 550.1704) by adding section 422b.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

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8   Sec. 422b.  A health care corporation may charge a different                

9   rate based on age for the same long-term care coverage if the               

10  rate differential is based on sound actuarial principles and a              

Senate Bill 236 as amended May 28, 2003                                     

1   reasonable classification system and is related to actual and               

2   credible loss statistics or, for new coverages, is related to               

3   reasonably anticipated experience.

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8       Enacting section 1.  This amendatory act does not take                      

9   effect unless Senate Bill No. 234 of the 92nd Legislature is                

10  enacted into law.