June 25, 2009, Introduced by Reps. Huckleberry, Durhal, Segal, Haase, Liss, Roberts, Robert Jones, Jackson, Simpson, Nathan, Slavens, Tlaib, Young, Donigan, Bauer, Switalski, Barnett and Slezak and referred to the Committee on Insurance.
A bill to amend 1956 PA 218, entitled
"The insurance code of 1956,"
(MCL 500.100 to 500.8302) by adding section 2026c.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 2026c. (1) If a violation by an insurer of section 3149
or, if the insurer is a property and casualty insurer, section
2026a is the second or subsequent violation of that section by the
insurer, after notice and an opportunity for a hearing and on order
of the commissioner, the insurer is subject to an administrative
fine of $1,000,000.00.
(2) The commissioner shall deposit a fine paid under this
section into the insurance whistleblower protection fund created in
section 2035a.
Enacting section 1. This amendatory act does not take effect
unless all of the following bills of the 95th Legislature are
enacted into law:
(a) House Bill No 4844.
(b) Senate Bill No.____ or House Bill No.____ (request no.
03545'09).
(c) Senate Bill No.____ or House Bill No. 5149(request no.
03546'09).