SB1087 — Insurance: other; penalties for violations of the insurance code; increase. Amends secs. 150 & 2038 of 1956 PA 218 (MCL 500.150 & 500.2038).

SB1087 — Insurance: other; penalties for violations of the insurance code; increase. Amends secs. 150 & 2038 of 1956 PA 218 (MCL 500.150 & 500.2038). · Informed CitizenryThis bill amends the Insurance Code of 1956 to modify civil fines and penalties for violations of the act. For insurers, the bill establishes a civil fine of up to $50,000 per violation, increasing…Open in Informed Citizenry