February 14, 2019, Introduced by Rep. Farrington and referred to the Committee on Financial Services.
A bill to amend 2004 PA 452, entitled
"Identity theft protection act,"
by amending section 4 (MCL 445.64), as added by 2018 PA 649.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 4. (1) An entity that is subject to or regulated under
the insurance code of 1956, 1956 PA 218, MCL 500.100 to 500.8302,
is exempt from this act.
(2) An entity that owns, is owned by, or is under common
ownership with an entity described in subsection (1), and maintains
the same cybersecurity procedures as that other entity, is exempt
from this act.
(3) Sections 12 and 12a of this act do not apply to a covered
entity, as that term is defined in section 3 of the data breach
notification act.
Enacting section 1. This amendatory act takes effect January
20, 2020.
Enacting section 2. This amendatory act does not take effect
unless Senate Bill No.____ or House Bill No. 4187 (request no.
00206'19) of the 100th Legislature is enacted into law.