---
type: "Bill"
title: "Insurance: other; annual audited financial requirements; modify. Amends secs. 1001 & 1027 of 1956 PA 218 (MCL 500.1001 & 500.1027) & adds sec. 1028."
description: "Insurance: other; annual audited financial requirements; modify. Amends secs. 1001 & 1027 of 1956 PA 218 (MCL 500.1001 & 500.1027) & adds sec. 1028."
jurisdiction: "us/states/mi"
legislature: "Michigan Legislature"
session: "2019-2020"
identifier: "HB 5243"
citation: "Michigan HB 5243 (2019-2020)"
classification: ["bill"]
subjects: ["Insurance: other", "State agencies (existing): insurance and financial services"]
status: "enacted"
primary_sponsors: []
version_count: 5
action_count: 8
vote_count: 1
first_action: "2019-12-04T05:00:00+00:00"
last_action: "2020-01-28T05:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/40e6d170-4897-44bb-8e06-f2fce950d1a4"
source_url: "http://legislature.mi.gov/doc.aspx?2019-HB-5243"
source_hash: "5a3b68fb18a42ee2a2fdd9457d5ab4394901821826d89920d08524b9bed4ed43"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-mi"]
---

# Michigan HB 5243 (2019-2020) — Insurance: other; annual audited financial requirements; modify. Amends secs. 1001 & 1027 of 1956 PA 218 (MCL 500.1001 & 500.1027) & adds sec. 1028.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **As Passed by the House** (committee substitute) — [source](http://legislature.mi.gov/documents/2019-2020/billengrossed/House/htm/2019-HEBH-5243.htm)
2. **As Passed by the Senate** (committee substitute) — [source](http://legislature.mi.gov/documents/2019-2020/billengrossed/House/htm/2019-HEBS-5243.htm)
3. **House Concurred Bill** (committee substitute) — [source](http://legislature.mi.gov/documents/2019-2020/billconcurred/House/htm/2019-HCB-5243.htm)
4. **House Introduced Bill** (committee substitute) — [source](http://legislature.mi.gov/documents/2019-2020/billintroduced/House/htm/2019-HIB-5243.htm)
5. **Public Act** (committee substitute) — [source](http://legislature.mi.gov/documents/2019-2020/publicact/htm/2020-PA-0017.htm)

## Votes

- passed; given immediate effect Roll Call # 335 Yeas 103 Nays 2 Excused 0 Not Voting 4 — **103–2** (pass) · lower

## Sponsors

- Brad Paquette — cosponsor (person)
- Daire Rendon — cosponsor (person)
- Robert Wittenberg — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2019-12-04T05:00:00+00:00** passed; given immediate effect Roll Call # 335 Yeas 103 Nays 2 Excused 0 Not Voting 4 `passage`
- **2020-01-15T05:00:00+00:00** returned from Senate without amendment with immediate effect and full title
- **2020-01-15T05:00:00+00:00** full title agreed to
- **2020-01-15T05:00:00+00:00** bill ordered enrolled
- **2020-01-16T05:00:00+00:00** presented to the Governor 01/17/2020 02:58 PM `executive-receipt`
- **2020-01-28T05:00:00+00:00** approved by the Governor 01/27/2020 01:55 PM `executive-signature`
- **2020-01-28T05:00:00+00:00** filed with Secretary of State 01/27/2020 03:26 PM
- **2020-01-28T05:00:00+00:00** assigned PA 17'20 with immediate effect

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/40e6d170-4897-44bb-8e06-f2fce950d1a4`. Confidence: reported (aggregated from official Michigan legislature records).