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 addition of new legal language that specifies various categories and classes of felonies related to the insurance code, such as violations involving holding companies, fraudulent insurance acts, and improper personal interests in transactions. The bill also clarifies the categorization of offenses and their corresponding maximum penalties.

Additionally, the bill includes several deletions of outdated or redundant legal language, particularly concerning the definitions and classifications of certain offenses under the insurance code. Notably, it removes references to knowingly misrepresenting financial conditions and conspiracy to commit fraud, while introducing new classifications for fraudulent acts and violations. The enactment of this bill is contingent upon the passage of House Bill No. 4716.

Statutes affected:
House Introduced Bill: 777.15
As Passed by the House: 777.15