This 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 legal language that specifies the categories and classes of various felonies related to the insurance code, such as violations involving holding companies, fraudulent insurance acts, and improper personal interests in transactions. Notably, the bill removes certain outdated language regarding misrepresentation and conspiracy related to financial conditions and fraud.

Additionally, the bill establishes that it will not take effect unless House Bill No. 4716 is also enacted into law. This conditional enactment underscores the interconnected nature of legislative changes within the Michigan legal framework, particularly concerning the regulation of insurance practices and the enforcement of related criminal penalties.

Statutes affected:
House Introduced Bill: 777.15