Michigan § 500.1169 - Violation; penalties.
Full text of Michigan Michigan Compiled Laws § 500.1169 — Violation; penalties., with citation guidance and answers to common questions.
§ 500.1169. Violation; penalties.
A reinsurance intermediary, insurer, or reinsurer found by the commissioner to be in violation of any of the provisions of this chapter, after a hearing held pursuant to the administrative procedures act of 1969, Act No. 306 of the Public Acts of 1969, being sections 24.201 to 24.328 of the Michigan Compiled Laws, is subject to all of the following penalties:
For each separate violation, payment of a civil fine of not more than $5,000.00.
The suspension, limitation, or revocation of its license.
If a violation was committed by the reinsurance intermediary, the reinsurance intermediary shall make restitution to the insurer, reinsurer, rehabilitator, or liquidator of the insurer or reinsurer for the net losses incurred by the insurer or reinsurer attributable to the violation.
This section does not preclude the commissioner from imposing any other penalties provided in this act.
This chapter shall not in any manner confer any rights upon or limit or restrict the rights of policyholders, claimants, creditors, or other third parties.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.1169
What does Michigan Compiled Laws § 500.1169 cover?
Section 500.1169 ("Violation; penalties.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 500.1169?
A common citation format is "Michigan Compiled Laws § 500.1169" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 500.1169 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.