Bill Text: MI SB1103 | 2011-2012 | 96th Legislature | Engrossed

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Bill Title: Insurance; life; insurable interests; amend insurance code to provide for insurable interest of trustees. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 2210a. TIE BAR WITH: SB 1102'12

Spectrum: Partisan Bill (Republican 1-0)

Status: (Engrossed - Dead) 2012-09-19 - Referred To Committee On Insurance [SB1103 Detail]

Download: Michigan-2011-SB1103-Engrossed.html

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SB-1103, As Passed Senate, September 19, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SENATE BILL No. 1103

 

 

April 26, 2012, Introduced by Senator SCHUITMAKER and referred to the Committee on Judiciary.

 

 

 

     A bill to amend 1956 PA 218, entitled

 

"The insurance code of 1956,"

 

(MCL 500.100 to 500.8302) by adding section 2210a.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 2210a. A trustee of a trust has an insurable interest in

 

the life of an individual as provided in section 7114 of the

 

estates and protected individuals code, 1998 PA 386, MCL 700.7114.

 

     Enacting section 1. This amendatory act does not take effect

 

unless Senate Bill No. 1102                                   

 

          of the 96th Legislature is enacted into law.