Mich. Comp. Laws § 500.1631: Violation of order of commission; penalty.
Where this section sits in the code
- MI Code
- Chapter 500
- Act Act-218-of-1956
Sec. 1631.
An insurer that violates an order of the commissioner under this chapter shall be afforded a hearing before the commissioner under the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328. If the commissioner finds a violation has occurred, the commissioner may order either or both of the following:
Payment of a monetary penalty of not more than $1,000.00 for each violation, but not to exceed an aggregate penalty of $100,000.00, unless the violation was committed in a conscious and flagrant disregard of this chapter, in which case the commissioner may order the payment of a monetary penalty of not more than $25,000.00 for each violation, but not to exceed an aggregate penalty of $250,000.00.
Suspension or revocation of the insurer's license.
Collected 2026-09-14T18:32:31Z. Source file · JSON