Insurance: other; requirement to file a fraud report; provide for. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 4506.

This bill requires insurance companies in Michigan to file a report with the state director whenever they reasonably suspect fraud involving a policyholder or a claim. The law mandates that these reports include specific details about the alleged fraudulent act and the parties involved, allowing the director to investigate and refer cases to prosecutors if necessary. However, insurers are not required to submit these forms if their initial investigation finds no fraud or if they lack reasonable grounds to believe a crime occurred. Additionally, the bill ensures that authorized agencies must cooperate with the director by providing any relevant documents or evidence upon request.