Chapter 19 (500.1901...500.1955)

  1. Law
  2. Michigan Compiled Laws
  3. Insurance Code of 1956
  4. 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
  5. Chapter 19 (500.1901...500.1955)

Checkout our iOS App for a better way to browser and research.

Section
500.1901

Short Title.

Section
500.1902

Liberal Construction and Application.

Section
500.1903

Definitions; Conflicting Provisions.

Section
500.1903a

Contract of Insurance.

Section
500.1904

Rates and Forms Used by Unauthorized Insurers.

Section
500.1905

License Required to Act as Agent or Broker in Transaction of Surplus Lines Insurance; Compliance; Requirements for Obtaining Surplus Lines License; Permissible Acts of Surplus Lines Licensee; Conditions to Placement of Insurance With Eligible Unauthorized Insurer.

Section
500.1906

Books and Records of Surplus Lines Licensee; Examination; Access.

Section
500.1910

Prohibited Placement of Insurance With Unauthorized Insurer; Rebuttable Presumption as to Availability of Coverages; List of Unavailable Lines of Insurance; Additions to or Deletions From List; Publication, Revision, and Availability of List.

Section
500.1911

Issuing Evidence of Placement of Insurance With Eligible Unauthorized Insurer; Conditions; Identification of Entities Directly Assuming Risk of Loss; Specifying Obligation as Joint or Several; Specifying Proportion of Obligation Assumed.

Section
500.1912

Delivery of Written Evidence of Insurance to Insured or Insured's Representative; Time; Conditions.

Section
500.1913

Separate Account of Each Transaction; Filing Certified Evidence of Transactions.

Section
500.1915

Charging Fees; Conditions; Excessive or Discriminatory Fee Prohibited; Documentation and Evidence of Disclosure of Fees; Exclusion of Fees in Computation of Premium Taxes.

Section
500.1916

Compensation of Licensee and Licensed Resident Agent; Collection of Premiums; Effect of Premium Payment Made to Agent.

Section
500.1917

Liability if Risk Assumed and Premium Received by Licensee.

Section
500.1920

Recognition as Eligible Surplus Lines Insurer; Application; Recommendations; Conditions; Information; Examination; Removal of Insurer From List.

Section
500.1921

Recognition as Eligible Unauthorized Insurer; Deposit; Trust Fund, Marketable Securities, or Equivalent Instruments; Provisions Inapplicable to Certain Unincorporated, Alien Insurers; Commissioner as Resident Agent for Service of Process.

Section
500.1922

Notice on Face of Instrument Evidencing Surplus Lines Insurance.

Section
500.1930

Association of Licensees; Registration; Purposes; Required Filings by Association; Reasons for Refusal to Register Association; Reasons for Suspension or Revocation of Registration; Denial of Membership.

Section
500.1932

Servicing Facility; Establishment; Reimbursement for Expenses and Payments; Functions; Approval; Member Licensee as Servicing Facility.

Section
500.1933

Suits by or Against Association; Assertion or Defense of Rights.

Section
500.1934

Filing Certified Audit of Books, Records, and Trust Funds.

Section
500.1940

Reports and Recommendations Regarding Financial Condition of Eligible Unauthorized Insurer; Reports and Recommendations Not Considered Public Documents; Liability for Statements.

Section
500.1946

Repealed. 2000, Act 486, Imd. Eff. Jan. 11, 2001.

Section
500.1950

Placement of Insurance With Insurer Which Is Neither an Authorized Insurer nor an Eligible Unauthorized Insurer; Duties of Licensee.

Section
500.1951

Procuring, Continuing, or Renewing Insurance With Unauthorized Insurer; Report; Tax on Premiums; Regulatory Fee.

Section
500.1952

Violation as Misdemeanor; Penalty.

Section
500.1955

Rules Implementing Chapter; Declaratory Rulings.