Michigan Compiled Laws Complete Through PA 91 of 2026
Rendered Sunday, September 6, 2026 Page 314 of 465 Courtesy of legislature.mi.gov
Sec. 389.
Any person who shall make, utter, circulate, or transmit to another or others any untrue,
false, or malicious statement as to the financial condition of any fraternal beneficiary society,
insurance company, reciprocal exchange, or other insurer doing business in this state, and shall
thereby injure any such fraternal beneficiary society, insurance company, reciprocal exchange,
or other insurer, or who shall counsel, aid, procure, or induce another to originate, make, utter,
transmit, or circulate any such statement with like purpose is guilty of a misdemeanor
punishable by imprisonment for not more than 1 year or a fine of not more than $1,000.00.§ 750.389False or malicious statements as to insurance companies
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