Public Acts 21 and 22 present consumers with a variety of new choices. What are my obligations in advising clients under the new law?

Producers must be prepared to explain these choices clearly and thoroughly and must allow consumers to make selections that are right for them, their families, and their budget.

Producers are prohibited from attempting to channel an eligible person away from an insurer or insurance coverage with the purpose or effect of avoiding a producer’s obligation to submit an application or an insurer’s obligation to accept an eligible person.

Producers are reminded of their obligations under MCL 500.2116, including, among other things, the obligation to provide eligible persons with quotations for all forms or types of insurance coverage offered by the insurers the producer represents. Please see Bulletin 2020-29-INS for more information.