Michigan Compiled Laws § 500.1208 Insurance Effected By Agent On Certain Risks; Limitation.

500.1208 Insurance effected by agent on certain risks; limitation.

Sec. 1208.

An agent, during any 12-month period, may not effect insurance upon his own property, life or other risk and the property, life or other risk of his employees, employer or business associates, in excess of 15% of the total premium which he effected during that period.

History: Add. 1972, Act 133, Eff. Mar. 30, 1973
Popular Name: Act 218

Section: Previous  500.1204f.amended  500.1205  500.1206  500.1206a  500.1206b  500.1206c  500.1207  500.1208  500.1208a  500.1208b  500.1209  500.1210  500.1211  500.1211a  500.1211b  Next

Last modified: October 10, 2016