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Insurance: other; processing fees; allow premium finance companies to collect. Amends sec. 1510 of 1956 PA 218 (MCL 500.1510).
Key claim: Michigan SB0944 would amend the Insurance Code to allow premium finance companies to collect processing fees.
Abstract
(SB0944 · 103rd Legislature) Insurance: other; processing fees; allow premium finance companies to collect. Amends sec. 1510 of 1956 PA 218 (MCL 500.1510). Sponsor: Sen. Joseph Bellino ® In committee: S Finance, Insurance, And Consumer Protection Latest action (2026-05-07): Referred To Committee On Finance, Insurance, And Consumer Protection
Why this matters
Michigan SB0944 would amend the Insurance Code to allow premium finance companies to collect processing fees.