{"data":{"id":"us-mi/mich.-comp.-laws-500.2062","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.2062","heading":"False reports; forfeiture of franchise or right to do business; violation by officers or agents as misdemeanor; penalty.","body":"Sec. 2062.\n\nIt shall be unlawful for any person in any report required by law to be made by any insurance corporation, organized or authorized to do business in this state, to make any such statement or report as to fraudulently conceal the real facts, and if intentionally so made shall, if the insurer is organized under the laws of this state, be cause of forfeiture of the corporate franchise, and if the insurer is organized under the laws of any other state or government, be cause for revocation of such insurer's authority to do business in this state by the commissioner, after hearing granted.\n\nAny officer or agent guilty of any such fraudulent statement or of any intentional violation of this section, or who aids or abets others in any such violation, shall be deemed guilty of a misdemeanor and upon conviction thereof shall be punished by a fine not exceeding $1,000.00, or by imprisonment not exceeding 6 months, or by both such fine and imprisonment, in the discretion of the court.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-2062","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"b6b5b1b6cf869e700c234e78d73b9c32617dfe77a726d41071f46a26f508c343","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.206","next":"us-mi/mich.-comp.-laws-500.2064"},"notice":"GroundRules: Original legal text. Not legal advice."}