Michigan Compiled Laws § 500.402a Transactions Of Insurance Requiring Certificate Of Authority.

500.402a Transactions of insurance requiring certificate of authority.

Sec. 402a.

In this state, the following transactions of insurance, whether effected by mail or otherwise, require a certificate of authority:

(a) The issuance or delivery of insurance contracts to residents of this state.

(b) The solicitation of applications for insurance contracts from residents of this state.

(c) The collection of premiums, membership fees, assessments, or other consideration for insurance contracts from residents of this state.

(d) The doing or proposing to do any act in substance equivalent to subdivisions (a) to (c).

History: Add. 1967, Act 111, Eff. Nov. 2, 1967 ;-- Am. 1992, Act 182, Imd. Eff. Oct. 1, 1992
Popular Name: Act 218

Section: 500.402  500.402a  500.402b  500.402c  500.403  500.404  500.405  500.405a  500.405b  500.406  500.407  500.407a  500.408  500.410  500.410a  Next

Last modified: October 10, 2016