May 6, 2014, Introduced by Reps. Hovey-Wright, Cochran, Banks, Slavens, Segal, LaVoy, Geiss, Abed, Darany, Lipton, Dianda, Driskell, Cavanagh, Phelps, Smiley, Faris, Durhal, Oakes, Hobbs, Rutledge and Brown 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 section 2203 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 director of the department of insurance
and financial services, the insurer is subject to an administrative
fine of $1,000,000.00.
(2) The director of the department of insurance and financial
services 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 97th Legislature are
enacted into law:
(a) Senate Bill No.____ or House Bill No. 5523 (request no.
03845'13).
(b) Senate Bill No.____ or House Bill No.____ (request no.
03846'13).
(c) Senate Bill No.____ or House Bill No.____ (request no.
03846'13 a).
(d) Senate Bill No.____ or House Bill No. 5521 (request no.
03849'13).
(e) Senate Bill No.____ or House Bill No. 5525 (request no.
03850'13).
(f) Senate Bill No.____ or House Bill No. 5522 (request no.
03944'13).
(g) Senate Bill No.____ or House Bill No. 5520 (request no.
03945'13).
(h) Senate Bill No.____ or House Bill No. 5519 (request no.
03946'13).