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MI HB5145

Bill

Official Source

Status

Introduced

6/25/2009

Primary Sponsor

Lesia Liss

Click for details

Origin

House of Representatives

95th Legislature

AI Summary

  • Amends the Michigan Insurance Code of 1956 by adding section 2026c to establish penalties for repeated violations of insurance regulations.

  • Imposes a $1,000,000 administrative fine on insurers that commit a second or subsequent violation of section 3149 or section 2203, following notice and an opportunity for hearing before the insurance commissioner.

  • Requires the commissioner to deposit any fines collected under this section into the insurance whistleblower protection fund created in section 2035a.

  • Takes effect only if seven companion bills (HB 4244, HB 4844, HB 5020, HB 5146, HB 5147, HB 5148, and HB 5150) are also enacted into law.

Legislative Description

Insurance; unfair trade practices; breach of obligation to deal in good faith by certain insurers; impose penalty of second or subsequent violation. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 2026c. TIE BAR WITH: HB 4844'09, HB 5149'09

Insurance, unfair trade practices

Last Action

Referred To Committee On Economic Development And Regulatory Reform

8/26/2009

Committee Referrals

Economic Development & Regulatory Reform8/26/2009
Insurance6/25/2009

Full Bill Text

No bill text available