PERSONAL PROTECTION INSURANCE BENEFITS: COVERAGE FOR WORK LOSS
House Bill 4963
Sponsor: Rep. A. T. Frank
Committee: Insurance and Financial Services
Complete to 7-12-01
A SUMMARY OF HOUSE BILL 4963 AS INTRODUCED 6-14-01
The Insurance Code requires the owner or registrant of a motor vehicle that must be registered in the state to maintain security for payment of benefits under personal protection insurance. The act currently states that personal protection insurance benefits are payable for the loss of income from work that an injured person would have performed during the three years immediately following the date of the accident. House Bill 4963 would amend the act to allow work loss coverage to be applied in either consecutive or intermittent daily increments, so long as the work loss applied to the original injury. Work loss coverage would still be available for a maximum of 36 months.
MCL 500.3107
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This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.