Banking & Insurance 2025-2026

Visit Website →     View Committee Calendar →

The Senate Banking & Insurance Committee met on Tuesday, June 24, 2025 to vote on the following legislation:

House Bill 211 (Warren) –  Amending Act 191 of 1996 known as the Medical Foods Insurance Coverage Act to remove outdated terminology concerning intellectual disabilities in the law.

House Bill 261 (Pickett) – Amending Act 284 of 1921 known as the Insurance Company Act to remove outdated terminology concerning intellectual disabilities in the law.           

House Bill 1103 (Cephas) Amending Title 7 (Banks and Banking) to update the Mortgage Licensing Act concerning the use of discount points on a loan.

All three bills passed from committee unanimously.

The Senate Banking & Insurance Committee met on Tuesday, June 10, 2025 to vote on the following legislation:

Senate Bill 88 (FARRY) − Updating Breast Cancer Screening Coverage –  Amending the Insurance Company Act relating to required coverage of breast cancer treatment and imaging.

• This legislation passed from committee with a unanimous vote.

The Senate Banking & Insurance Committee met on Tuesday, May 13, 2025 to vote on the following legislation:

Senate Resolution 27 (BROWN) − A Resolution directing the Legislative Budget and Finance Committee to study the feasibility of a no-fault fund relating to infant neurological injuries.

• This resolution passed unanimously.

Senate Bill 738 (GEBHARD/STREET) − Amending the Older Adult Protective Services Act to incorporate financial institutions.

• This bill was pulled from the agenda this morning and was not voted on.

The Senate Banking & Insurance Committee met on Monday, February 3, 2025 at to vote on the following legislation:

Senate Bill 202 (GEBHARD) – Adding virtual currency to the Money Transmitter Act.

This bill passed committee unanimously.