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MI HB5195
Bill
Status
Engrossed
6/25/2024
Primary Sponsor
Mike McFall
Click for details
AI Summary
- Replaces blanket 4-year felony penalty for fraudulent insurance acts with tiered penalties based on claim amount and number of claims involved
- Misdemeanor offense (up to 1 year imprisonment or $2,000 fine) for fraudulent claims under $1,000 or involving fewer than 5 claims
- Felony penalties escalate from 5 years (claims $1,000-$20,000 or 5-20 claims) to 20 years (claims $100,000+ or 100+ claims) depending on amount and frequency
- Fines equal 3 times the fraudulent claim amount or statutory maximum, whichever is greater
- Prior convictions and conspiracy agreements can increase penalties within applicable tier; allows aggregation of claims within 12-month periods to determine sentencing level
Legislative Description
Insurance: other; penalties for fraudulent insurance acts; increase. Amends sec. 4511 of 1956 PA 218 (MCL 500.4511).
Insurance: other
Last Action
Referred To Committee On Finance, Insurance, And Consumer Protection
6/26/2024
Committee Referrals
Finance, Insurance, And Consumer Protection6/26/2024
Insurance And Financial Services10/24/2023
Full Bill Text
No bill text available