Michigan legislation · 103rd Legislature
Michigan HB6375: Commercial code: other; references to uniform commercial code in insurance code of 1956; revise. Amends sec. 5511 of 1956 PA 218 (MCL 500.5511). TIE BAR WITH: HB 6347'26
Status: In committee, September 24, 2026
What the bill says
To amend 1956 PA 218, entitled "The insurance code of 1956," by amending section 5511 (MCL 500.5511), as added by 2018 PA 421.
From the introduced text, September 24, 2026:
A bill to amend 1956 PA 218, entitled "The insurance code of 1956," by amending section 5511 (MCL 500.5511), as added by 2018 PA 421. the people of the state of michigan enact: Sec. 5511. (1) When a division becomes effective under section 5509(4), all of the following apply: (a) If the dividing insurer has survived the division: (i) It The dividing insurer continues to exist. (ii) Its The dividing insurer's articles of incorporation must be amended, if at all, as provided in the plan of division. (iii) Its The dividing insurer's bylaws must be amended, if at all, as provided in the plan of division. (b) If the dividing insurer has not survived the division, its the dividing insurer's separate existence ceases to exist, subject to satisfying the other requirements of this state relating to the surrender of a certificate of authority to the extent applicable. (c) All of the following apply to each new insurer: (i) It Each new insurer comes into existence. (ii) It Each new insurer shall hold any capital, surplus, and other assets allocated to the new insurer by the plan of division as a successor to the dividing insurer, automatically, by operation of law and not by transfer, whether directly or indirectly. (iii) Its Each new insurer's articles of incorporation, if any, and bylaws, …
Sponsors
- Carter, Brenda (D, 53) · primary sponsor
- Wozniak, Douglas (R, 59)
Latest actions
- : bill electronically reproduced 09/24/2026
- : referred to Committee on Finance
- : read a first time
- : introduced by Representative Rep. Brenda Carter
Subjects: Commercial code: other
Common questions
- What is HB6375?
- HB6375 is a bill in the Michigan Legislature (103rd Legislature): Commercial code: other; references to uniform commercial code in insurance code of 1956; revise. Amends sec. 5511 of 1956 PA 218 (MCL 500.5511). TIE BAR WITH: HB 6347'26.
- What does HB6375 do?
- In its own words: To amend 1956 PA 218, entitled "The insurance code of 1956," by amending section 5511 (MCL 500.5511), as added by 2018 PA 421.
- What is the status of HB6375?
- In committee as of September 24, 2026. Latest action: bill electronically reproduced 09/24/2026 (September 24, 2026).
- Who sponsored HB6375?
- Carter, Brenda (D, 53), with 1 co-sponsor.
- Where is the official record for HB6375?
- On the Michigan Legislature website: https://www.legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-6375
Source: official Michigan record. Tracked by Delilah, AI for legislation across all 50 states and Congress.