MI HB4718

Requires insurers to report suspected fraudulent insurance acts to the director on a prescribed form after completing a good-faith investigation, when the fraud involves a Michigan policyholder or an assigned claims plan benefit

Exempts insurers from reporting if further investigation reveals no fraudulent act occurred or if there are no reasonable grounds to believe fraud occurred

Authorizes the director to review reports, conduct further investigations, and refer suspected fraud to the insurer, appropriate agencies, county prosecuting attorneys, or the attorney general

Requires authorized agencies to submit documents and cooperate with the director's fraud investigations upon request

Defines "insurer" to include standard insurers, the Michigan Automobile Insurance Placement Facility, and administrators of assigned claims plan benefits