MI HB4846

Increases maximum administrative fine per violation from $500 to $2,000, with aggregate limit raised from $5,000 to $20,000 for insurance trade practice violations.

Increases maximum fine to $10,000 per violation (aggregate $100,000 per 6-month period) when violator knew or reasonably should have known of the violation, up from previous limits of $2,500 per violation and $25,000 aggregate.

Redirects collected fines to the insurance whistleblower protection fund created in section 2035a, rather than general revenue.

Updates statutory language to reference the Administrative Procedures Act of 1969 (1969 PA 306, MCL 24.201 to 24.328) and uses gender-neutral pronouns throughout.

Effective only if House Bills 5144 and 5149 of the 95th Legislature are also enacted into law.