Michigan Compiled Laws Act 217 Of 1969 Insurance On Financed Motor Vehicles (492.151 - 492.151)

AN ACT to enable consumers to protect their insurable interest in motor vehicles in relation to the motor vehicle sales finance act.

History: 1969, Act 217, Eff. Mar. 20, 1970

Section 492.151 Installment Sale Contract; Prepayment Of Time Balance Prior To Insurance Coverage Expiration; Notice To Insurer; Payment Of Unearned Insurance Premiums.
When the seller or subsequent holder has placed, at the expense of the buyer, insurance on a motor vehicle sold under an installment sale...

Last modified: October 10, 2016