Insurance: insurers; processing of a claim; modify duties. Amends secs. 2005, 2006, 2026 & 2049 of 1956 PA 218 (MCL 500.2005 et seq.) & adds sec. 2005b & ch. 30B.

This bill amends Michigan's insurance code to update definitions of unfair insurance practices and clarify rules for timely payment of claims. It expands what is considered an unfair practice to include conduct during claims handling and resolution, not just sales. The bill also modifies the interest rates and timelines for paying claims to insured individuals, third-party claimants, and healthcare providers, and outlines procedures for handling "clean claims" and resolving disputes.

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