Insurance: other; credit card processing fees; allow insurance producers to collect. Amends sec. 1915 of 1956 PA 218 (MCL 500.1915) & adds sec. 1202a.
Key claim: HB5993 would amend the Michigan Insurance Code to allow insurance producers to collect credit card processing fees from customers.
Abstract
(HB5993 · 103rd Legislature) Insurance: other; credit card processing fees; allow insurance producers to collect. Amends sec. 1915 of 1956 PA 218 (MCL 500.1915) & adds sec. 1202a. Sponsor: Rep. Mike Harris ® + 1 co-sponsor In committee: H Insurance Latest action (2026-05-20): Bill Electronically Reproduced 05/19/2026
Why this matters
Allowing insurance producers to pass credit card processing fees through to customers shifts a transaction cost from producers to insurance buyers, a small but direct consumer-facing change in how premiums and related payments are collected in Michigan. The measure is narrow but relevant to consumer protection and insurance regulation oversight.