---
type: "Bill"
title: "Insurance: annuities; determining minimum nonforfeiture amounts; modify. Amends sec. 4072 of 1956 PA 218 (MCL 500.4072)."
description: "Insurance: annuities; determining minimum nonforfeiture amounts; modify. Amends sec. 4072 of 1956 PA 218 (MCL 500.4072)."
jurisdiction: "us/states/mi"
legislature: "Michigan Legislature"
session: "2021-2022"
identifier: "SB 624"
citation: "Michigan SB 624 (2021-2022)"
classification: ["bill"]
subjects: ["Insurance: annuities"]
status: "enacted"
primary_sponsors: ["Lana Theis"]
version_count: 4
action_count: 24
vote_count: 2
first_action: "2021-09-01T04:00:00+00:00"
last_action: "2022-07-20T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/e8c0c583-1ad6-43d9-a936-7fce0a2252c0"
source_url: "http://legislature.mi.gov/doc.aspx?2021-SB-0624"
source_hash: "135c949cbf125ba8d89b856f33eebb349e7ab4ee6e58e01b1bf9073134e2fcf7"
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 624 (2021-2022) — Insurance: annuities; determining minimum nonforfeiture amounts; modify. Amends sec. 4072 of 1956 PA 218 (MCL 500.4072).

## 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/2021-SEBH-0624.htm)
2. **As Passed by the Senate** (committee substitute) — [source](http://legislature.mi.gov/documents/2021-2022/billengrossed/Senate/htm/2021-SEBS-0624.htm)
3. **Public Act** (committee substitute) — [source](http://legislature.mi.gov/documents/2021-2022/publicact/htm/2022-PA-0150.htm)
4. **Senate Introduced Bill** (committee substitute) — [source](http://legislature.mi.gov/documents/2021-2022/billintroduced/Senate/htm/2021-SIB-0624.htm)

## Votes

- PASSED ROLL CALL # 433 YEAS 34 NAYS 1 EXCUSED 1 NOT VOTING 0 — **34–1** (pass) · upper
- passed; given immediate effect Roll Call # 334 Yeas 102 Nays 3 Excused 0 Not Voting 5 — **102–3** (pass) · lower

## Sponsors

- Lana Theis — primary (person)

## Timeline

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

- **2021-09-01T04:00:00+00:00** INTRODUCED BY SENATOR LANA THEIS `introduction`
- **2021-09-01T04:00:00+00:00** REFERRED TO COMMITTEE ON INSURANCE AND BANKING `referral-committee`
- **2021-10-28T04:00:00+00:00** REPORTED FAVORABLY WITHOUT AMENDMENT `committee-passage`
- **2021-10-28T04:00:00+00:00** REFERRED TO COMMITTEE OF THE WHOLE `referral-committee`
- **2021-11-02T04:00:00+00:00** REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S) `committee-passage`
- **2021-11-02T04:00:00+00:00** PLACED ON ORDER OF THIRD READING
- **2021-11-10T05:00:00+00:00** PASSED ROLL CALL # 433 YEAS 34 NAYS 1 EXCUSED 1 NOT VOTING 0 `passage`
- **2021-11-10T05:00:00+00:00** received on 11/10/2021 `introduction`
- **2021-11-10T05:00:00+00:00** read a first time `reading-1`
- **2021-11-10T05:00:00+00:00** referred to Committee on Insurance `referral-committee`
- **2022-05-19T04:00:00+00:00** reported with recommendation without amendment `committee-passage`
- **2022-05-19T04:00:00+00:00** referred to second reading
- **2022-06-21T04:00:00+00:00** read a second time `reading-2`
- **2022-06-21T04:00:00+00:00** placed on third reading
- **2022-06-30T04:00:00+00:00** read a third time `reading-3`
- **2022-06-30T04:00:00+00:00** passed; given immediate effect Roll Call # 334 Yeas 102 Nays 3 Excused 0 Not Voting 5 `passage`
- **2022-06-30T04:00:00+00:00** inserted full title
- **2022-06-30T04:00:00+00:00** returned to Senate
- **2022-06-30T04:00:00+00:00** FULL TITLE AGREED TO
- **2022-06-30T04:00:00+00:00** ORDERED ENROLLED
- **2022-07-20T04:00:00+00:00** PRESENTED TO GOVERNOR 07/07/2022 11:12 AM `executive-receipt`
- **2022-07-20T04:00:00+00:00** APPROVED BY GOVERNOR 07/19/2022 09:38 AM `executive-signature`
- **2022-07-20T04:00:00+00:00** FILED WITH SECRETARY OF STATE 07/19/2022 12:00 PM
- **2022-07-20T04:00:00+00:00** ASSIGNED PA 0150'22

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e8c0c583-1ad6-43d9-a936-7fce0a2252c0`. Confidence: reported (aggregated from official Michigan legislature records).