Michigan HB4719 amends insurance laws to allow civil penalties for violations, including fines and license suspensions.

Michigan HB4719 amends section 150 of the Michigan Compiled Laws to allow the director to impose civil penalties for insurance violations. This includes fines up to $20,000 per violation, suspension, limitation, or revocation of licenses, and other actions. The director can also reopen and alter orders if conditions change. The fines collected must be credited to the state treasurer and the general fund.

Michigan HB4719 amends insurance laws to allow civil penalties for violations, including fines and license suspensions.

Michigan HB4719 amends section 150 of the Michigan Compiled Laws to allow the director to impose civil penalties for insurance violations. This includes fines up to $20,000 per violation, suspension, limitation, or revocation of licenses, and other actions. The director can also reopen and alter orders if conditions change. The fines collected must be credited to the state treasurer and the general fund.