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§ 500.7074 — Michigan Law | CourtGPT
  1. Home/
  2. Laws/
  3. Michigan/
  4. Chapter 500 - Insurance Code of 1956act 218 of 1956 - the Insurance Code of 1956 (500.100 - 500.8302)218-1956-1 -/
  5. Statute Act 218 of 1956/
  6. Division 218 1956 70/
  7. § 500.7074
Michigan Legal Code

§ 500.7074

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500.7074 Written findings of violation; issuance and service of findings and cease and desist order; additional orders. Sec. 7074. If, after a hearing, the commissioner determines that a MEWA is violating or has violated a provision of this chapter, the commissioner shall reduce his or her findings and decision to writing, and shall issue and cause to be served upon the MEWA a copy of the findings and an order requiring the MEWA to cease and desist from engaging in the prohibited activity, and the commissioner may order any of the following: (a) Payment of a monetary penalty of not more than $500.00 for each violation but not to exceed an aggregate penalty of $5,000.00, unless the MEWA knew or reasonably should have known it was in violation of this chapter, in which case the penalty shall not be more than $2,500.00 for each violation and shall not exceed an aggregate penalty of $25,000.00 for all violations committed in a 6-month period. (b) Suspension or revocation of the MEWA's certificate of authority if the plan knowingly and persistently violated a provision of this chapter. (c) Restitution or refund to an aggrieved person. History: Add. 1986, Act 121, Eff.

of the MEWA's certificate of authority if the plan knowingly and persistently violated a provision of this chapter. (c) Restitution or refund to an aggrieved person. History: Add. 1986, Act 121, Eff. July 1, 1986 Popular Name: Act 218