Michigan Compiled Laws § 500.1451 “producer” Defined.

500.1451 “Producer” defined.

Sec. 1451.

As used in this chapter, “producer” means an insurance agent or any other person, firm, association, or corporation, when, for any compensation, commission, or other thing of value, the person, firm, association, or corporation acts or aids in any manner in soliciting, negotiating, or procuring the making of an insurance contract on behalf of an insured other than the person, firm, association, or corporation.

History: Add. 1994, Act 227, Imd. Eff. June 27, 1994
Popular Name: Act 218

Section: 500.1451  500.1452  500.1453  500.1454  500.1455  500.1456  500.1457  500.1458  500.1459  500.1460-500.1474    Next

Last modified: October 10, 2016