P&CMIhard

Under MCL 500.1244, a producer who knowingly violates the Insurance Code may be fined up to what amount per violation, separate from license discipline?

Q: Under MCL 500.1244, a producer who knowingly violates the Insurance Code may be fined up to what amount per violation, separate from license discipline?

Up to $5,000 per violation — MCL 500.1244 graduates fines by scienter: up to $500 for non-willful violations and up to $5,000 per knowing violation, with aggregate caps and restitution authority. Fines run separately from license suspension or revocation under MCL 500.1239.

AUp to $100 per violation

BUp to $1,000,000 per violation

CNo fine is permitted, only license discipline

Up to $5,000 per violation

Why this is the answer

MCL 500.1244 graduates fines by scienter: up to $500 for non-willful violations and up to $5,000 per knowing violation, with aggregate caps and restitution authority. Fines run separately from license suspension or revocation under MCL 500.1239.

Studying for the MI Property & Casualty exam?

This question comes from our P&C bank. Take a free practice test — no signup.

Free P&C practice test Property & Casualty exam guide