Michigan House Bill HB5419

Michigan 2025-2026 Regular Session

• Introduced: 12/18/25
• Refer: 12/18/25

Caption

Insurance: other; portable electronics insurance; provide for. Amends secs. 1201, 1202, 1207 & 2266 of 1956 PA 218 (MCL 500.1201 et seq.) & adds secs. 1292, 1293, 1294, 1295, 1296 & 1297.

Impact

If passed, HB5419 would significantly affect the way portable electronics insurance is marketed and sold. Vendors will be required to provide clear disclosures that inform customers of the potential duplication of coverage with existing homeowner or renter insurance policies. Additionally, the bill mandates that vendors cannot tie the electrionics insurance enrollment to the purchase or lease of devices, thus promoting transparency and ensuring consumer rights are protected. Insurance claims processes will also be outlined, enhancing accountability for vendors and insurers alike.

Summary

House Bill 5419 aims to amend the insurance code of 1956, specifically targeting the area of portable electronics insurance. The bill introduces provisions that define portable electronics insurance and establish requirements for vendors offering such policies. This insurance type provides coverage against risks such as loss or theft of portable electronic devices. The bill requires vendors to maintain records and provide disclosures about coverage options, ensuring that customers are fully informed prior to enrollment.

Contention

Notable points of contention arise regarding the operational responsibilities assigned to vendors and the extent of oversight by the supervising entities. Critics may argue that the bill places significant reporting and compliance burdens on vendors, potentially impacting their ability to offer competitive rates. Furthermore, the bill introduces penalties for non-compliance, which raises concerns about the administrative burden on smaller vendors in the portable electronics market. The balance between providing consumer protection and enabling a competitive insurance market is likely to be a critical aspect of the debate surrounding this legislation.