---
type: "Bill"
title: "Insurance: other; actuarial opinion regarding reserves included in audited financial statements; expand time limit to include. Amends sec. 7040 of 1956 PA 218 (MCL 500.7040)."
description: "Insurance: other; actuarial opinion regarding reserves included in audited financial statements; expand time limit to include. Amends sec. 7040 of 1956 PA 218 (MCL 500.7040)."
jurisdiction: "us/states/mi"
legislature: "Michigan Legislature"
session: "2021-2022"
identifier: "SB 1085"
citation: "Michigan SB 1085 (2021-2022)"
classification: ["bill"]
subjects: ["Insurance: insurers", "Insurance: other"]
status: "enacted"
primary_sponsors: ["Kimberly LaSata"]
version_count: 4
action_count: 29
vote_count: 2
first_action: "2022-06-16T04:00:00+00:00"
last_action: "2022-12-31T05:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/00357b20-8c81-41cd-a18a-530282e672fa"
source_url: "http://legislature.mi.gov/doc.aspx?2021-SB-1085"
source_hash: "49d2997e8845b8e9cff429f7eb88d95601f73816354364aa22ba7f45ba660e1b"
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 SB 1085 (2021-2022) — Insurance: other; actuarial opinion regarding reserves included in audited financial statements; expand time limit to include. Amends sec. 7040 of 1956 PA 218 (MCL 500.7040).

## 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/2021-2022/billengrossed/Senate/htm/2022-SEBH-1085.htm)
2. **As Passed by the Senate** (committee substitute) — [source](http://legislature.mi.gov/documents/2021-2022/billengrossed/Senate/htm/2022-SEBS-1085.htm)
3. **Public Act** (committee substitute) — [source](http://legislature.mi.gov/documents/2021-2022/publicact/htm/2022-PA-0278.htm)
4. **Senate Introduced Bill** (committee substitute) — [source](http://legislature.mi.gov/documents/2021-2022/billintroduced/Senate/htm/2022-SIB-1085.htm)

## Votes

- PASSED ROLL CALL # 443 YEAS 36 NAYS 0 EXCUSED 2 NOT VOTING 0 — **36–0** (pass) · upper
- passed; given immediate effect Roll Call # 509 Yeas 90 Nays 7 Excused 0 Not Voting 12 — **90–7** (pass) · lower

## Sponsors

- Kimberly LaSata — primary (person)

## Timeline

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

- **2022-06-16T04:00:00+00:00** INTRODUCED BY SENATOR KIMBERLY A. LASATA `introduction`
- **2022-06-16T04:00:00+00:00** REFERRED TO COMMITTEE ON HEALTH POLICY AND HUMAN SERVICES `referral-committee`
- **2022-09-21T04:00:00+00:00** REPORTED FAVORABLY WITHOUT AMENDMENT `committee-passage`
- **2022-09-21T04:00:00+00:00** COMMITTEE RECOMMENDED IMMEDIATE EFFECT
- **2022-09-21T04:00:00+00:00** REFERRED TO COMMITTEE OF THE WHOLE `referral-committee`
- **2022-09-28T04:00:00+00:00** REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S) `committee-passage`
- **2022-09-28T04:00:00+00:00** PLACED ON ORDER OF THIRD READING
- **2022-09-28T04:00:00+00:00** RULES SUSPENDED
- **2022-09-28T04:00:00+00:00** PLACED ON IMMEDIATE PASSAGE
- **2022-09-28T04:00:00+00:00** PASSED ROLL CALL # 443 YEAS 36 NAYS 0 EXCUSED 2 NOT VOTING 0 `passage`
- **2022-09-28T04:00:00+00:00** received on 09/28/2022 `introduction`
- **2022-09-28T04:00:00+00:00** read a first time `reading-1`
- **2022-09-28T04:00:00+00:00** referred to Committee on Rules and Competitiveness `referral-committee`
- **2022-12-07T05:00:00+00:00** rule suspended
- **2022-12-07T05:00:00+00:00** motion to discharge committee approved
- **2022-12-07T05:00:00+00:00** placed on second reading
- **2022-12-08T05:00:00+00:00** read a second time `reading-2`
- **2022-12-08T05:00:00+00:00** placed on third reading
- **2022-12-08T05:00:00+00:00** placed on immediate passage
- **2022-12-08T05:00:00+00:00** read a third time `reading-3`
- **2022-12-08T05:00:00+00:00** passed; given immediate effect Roll Call # 509 Yeas 90 Nays 7 Excused 0 Not Voting 12 `passage`
- **2022-12-08T05:00:00+00:00** inserted full title
- **2022-12-08T05:00:00+00:00** returned to Senate
- **2022-12-28T05:00:00+00:00** FULL TITLE AGREED TO
- **2022-12-28T05:00:00+00:00** ORDERED ENROLLED
- **2022-12-31T05:00:00+00:00** PRESENTED TO GOVERNOR 12/28/2022 02:42 PM `executive-receipt`
- **2022-12-31T05:00:00+00:00** APPROVED BY GOVERNOR 12/29/2022 01:10 PM `executive-signature`
- **2022-12-31T05:00:00+00:00** FILED WITH SECRETARY OF STATE 12/29/2022 01:48 PM
- **2022-12-31T05:00:00+00:00** ASSIGNED PA 0278'22

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/00357b20-8c81-41cd-a18a-530282e672fa`. Confidence: reported (aggregated from official Michigan legislature records).