November 8, 2018, Introduced by Rep. Cole and referred to the Committee on Transportation and Infrastructure.
A bill to amend 1956 PA 218, entitled
"The insurance code of 1956,"
(MCL 500.100 to 500.8302) by adding section 3136.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 3136. (1) In addition to the exceptions expressed in
section 3135, the abolition of tort liability under that section
does not apply to damage to tangible property arising from 1
accident in excess of the limit in section 3121 for which liability
insurance required by federal statute or regulation is in effect.
(2) The exception provided by subsection (1) is limited to the
amount of the applicable limit under the insurance policy in effect
less the limit under section 3121 or $4,000,000.00 in excess of the
limit under section 3121, whichever is less.
Enacting section 1. This amendatory act takes effect 90 days
after the date it is enacted into law.