Strengthens consumer protection by increasing insurer accountability for insurance code violations.

The bill amends the insurance code to enhance the commissioner's authority in enforcing insurance regulations. It allows the commissioner to levy fines ranging from $250 to $10,000 per violation, in addition to or instead of suspending or revoking an insurer's certificate of authority. The commissioner can also prosecute violations in court, certify violations to public prosecutors, and order restitution with interest. The attorney general and prosecuting attorneys are required to handle related legal proceedings.

Strengthens consumer protection by increasing insurer accountability for insurance code violations.

The bill amends the insurance code to enhance the commissioner's authority in enforcing insurance regulations. It allows the commissioner to levy fines ranging from $250 to $10,000 per violation, in addition to or instead of suspending or revoking an insurer's certificate of authority. The commissioner can also prosecute violations in court, certify violations to public prosecutors, and order restitution with interest. The attorney general and prosecuting attorneys are required to handle related legal proceedings.