Bill > HB4719

This bill amends the Michigan Insurance Code to modify penalties and enforcement mechanisms for insurance law violations. Specifically, the bill adds a provision that allows the insurance director to impose fines related to section 4503 in addition to any existing penalties or restitution under section 4511, meaning that violations in this specific area can now be punished with multiple types of financial consequences. The bill maintains the existing framework where insurance law violators can be subjected to a hearing before the director, with potential penalties including civil fines (up to $1,000 per violation, or up to $5,000 if the violation was knowingly committed), license suspension or revocation, and cease and desist orders. The director retains the ability to modify previous orders if circumstances change or public interest requires it, and can seek court injunctions against ongoing violations. The bill also preserves the requirement that any collected fines be turned over to the state treasurer and credited to the general fund. This amendment provides the insurance director with more flexible enforcement tools and clarifies the potential consequences for insurance law violations.

Budget and Finance, Business and Industry

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4719