{"data":{"id":"us-mi/mich.-comp.-laws-500.1715","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.1715","heading":"Failure to file timely ORSA summary report; penalty.","body":"Sec. 1715.\n\nAn insurer that does not, without just cause, timely file an ORSA summary report as required in this chapter shall pay a civil fine of $1,000.00 for each day's delay, to be recovered by the director and paid into the general fund. The maximum civil fine under this section is $75,000.00. The director may reduce the penalty if the insurer demonstrates to the director that the penalty would cause a financial hardship to the insurer.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-1715","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"32d7acb29950dcde2849700925cd7c42e3daf196399761928b3e775ff13973b3","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.1713","next":"us-mi/mich.-comp.-laws-500.1751"},"notice":"GroundRules: Original legal text. Not legal advice."}