Michigan legislation · 103rd Legislature
Michigan HB6097: Insurance: insurers; single-risk limit for title insurance; eliminate. Amends sec. 640 of 1956 PA 218 (MCL 500.640).
Status: In committee, September 23, 2026
What the bill says
To amend 1956 PA 218, entitled "The insurance code of 1956," by amending section 640 (MCL 500.640), as amended by 2010 PA 338.
From the introduced text, June 16, 2026:
A bill to amend 1956 PA 218, entitled "The insurance code of 1956," by amending section 640 (MCL 500.640), as amended by 2010 PA 338. the people of the state of michigan enact: Sec. 640. (1) Except as otherwise provided in subsections (2) to (5), an An insurer transacting business in this state shall not expose itself to any loss on any 1 risk or hazard in an amount exceeding 10% of its paid-up capital and surplus. However, no any portion of a risk or hazard that has been reinsured by an insurer licensed to do insurance business in this state shall must not be included in determining the limitation of risk prescribed in this subsection. (2) An insurer transacting business in this state that has obtained a certificate of authority authorizing the transaction of title insurance in this state before the effective date of the amendatory act that added this subsection shall not expose itself to any loss on any 1 title insurance risk or hazard in an amount exceeding 50% of its paid-up capital and surplus. However, no portion of a title insurance risk or hazard that has been reinsured by an insurer licensed to do title insurance business in this state shall be included in determining the limitation of risk prescribed in this subsection. (3) An insurer …
Sponsors
- Harris, Mike (R, 52) · primary sponsor
Latest actions
- : referred to second reading
- : reported with recommendation without amendment
- : bill electronically reproduced 06/16/2026
- : referred to Committee on Insurance
- : read a first time
- : introduced by Representative Rep. Mike Harris
Subjects: Insurance: insurers
Common questions
- What is HB6097?
- HB6097 is a bill in the Michigan Legislature (103rd Legislature): Insurance: insurers; single-risk limit for title insurance; eliminate. Amends sec. 640 of 1956 PA 218 (MCL 500.640).
- What does HB6097 do?
- In its own words: To amend 1956 PA 218, entitled "The insurance code of 1956," by amending section 640 (MCL 500.640), as amended by 2010 PA 338.
- What is the status of HB6097?
- In committee as of September 23, 2026. Latest action: referred to second reading (September 23, 2026).
- Who sponsored HB6097?
- Harris, Mike (R, 52).
- Where is the official record for HB6097?
- On the Michigan Legislature website: https://www.legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-6097
Source: official Michigan record. Tracked by Delilah, AI for legislation across all 50 states and Congress.