SB 1129: Insurance: property and casualty; premium discounts; require insurance companies to offer under certain circumstances. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 2132a.
SB 1129 status: Introduced — SENATE CO-SPONSOR(S) NAMED: STEPHANIE CHANG (updated Aug 26, 2026).
What this bill does
Overall score
Bill summary
OfficialInsurance: property and casualty; premium discounts; require insurance companies to offer under certain circumstances. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 2132a.. Currently in Senate.
Key analysis
Impact analysis
Environment
Benefits
- No direct environmental impact identified
Risks
- No direct environmental impact identified
Economy
Benefits
- Potential for lower insurance premiums for consumers
Risks
- Possible upward pressure on non-discounted premiums
- Increased regulatory burden on insurers
Society
Benefits
- Enhances affordability for policyholders
Risks
- Potential reduction in insurer profitability or coverage availability
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
Regulatory mandates for discounts may result in cost-shifting to other consumer segments
Analysis based solely on summary abstract
Where it stands
Introduced
CurrentSENATE CO-SPONSOR(S) NAMED: STEPHANIE CHANG
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
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