Mich. Comp. Laws § 500.1765

Sec. 1765. (1) An insurer or insurance group that does not, without just cause, timely file the CGAD as required in this chapter, after written notice and hearing, shall pay a civil fine of $1,000.00 for each day's delay, to be recovered by the director and paid into the general fund of this state. The maximum civil fine under this section is $75,000.00. The director may reduce or waive the penalty if the insurer demonstrates to the director that either of the following applies: (a) The penalty would cause a financial hardship to the insurer. (b) There is just cause for the delayed filing. (2) On written request, the director may grant a 90-day extension for filing the CGAD.