The purpose of this report is to quantify the effects that the proposed legislation would have on the output, earnings, and employment of Michigan's industries, as well as discuss its effects on individuals.
(The Michigan Legislature, in 2011, was considering amending the Michigan Code of Insurance to significantly lower the minimum amount of personal injury protection drivers are required to purchase. The proposed legislation would have allowed policy holders to choose from the following levels of PIP coverage for products and services necessary to an injured person's care, recovery and rehabilitation: $50,000, $100,000, $200,000, $400,000 and $500,00 and lifetime.)
