The bill amends the Michigan Code of Criminal Procedure by updating Section 15a of Chapter XVII, which pertains to specific felonies outlined in Chapters 500 to 550 of the Michigan Compiled Laws. The amendments include the insertion of new categories and descriptions for various offenses related to the insurance code, such as violations involving holding companies, fraudulent insurance acts, and improper personal interests in transactions. Additionally, the bill specifies the maximum penalties associated with these offenses, reflecting a reorganization and clarification of the legal language.

Notably, the bill deletes certain outdated provisions related to misrepresentation of financial conditions and conspiracy to commit fraud, while also revising the classification of offenses and their corresponding penalties. The enactment of this amendatory act is contingent upon the passage of House Bill No. 4716, indicating a coordinated legislative effort to update and streamline the criminal procedure related to insurance offenses in Michigan.

Statutes affected:
House Introduced Bill: 777.15