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Bill to exempt insurer loss-control services from anti-rebating rules draws industry support
Summary
House Bill 4071 would clarify that value-added, loss-mitigation devices and services are not "rebates" under Michigan law. Insurers and trade groups told the House Insurance Committee the change would allow carriers to offer sensors, private fire services and other loss-control items without running afoul of anti-rebating statutes.
House Bill 4071, introduced by Minority Vice Chair Bridal Carter with industry cosponsors, was presented as a statutory clarification to allow insurers to provide certain value-added loss-control services and items without violating state anti-rebating or anti-inducement laws.
Michael Stern, Vice President for State Government and Industry Affairs at Chubb Insurance, said HB 4071 would codify who may offer…
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