Michigan Compiled Laws 218-1956-14a Chapter 14a Producer Controlled Insurers (500.1451...500.1474)

• Section 500.1451 “producer” Defined.
  As used in this chapter, “producer” means an insurance agent or any other person, firm, association, or corporation, when, for any compensation, commission, or...
• Section 500.1452 Repealed. 1972, Act 133, Eff. Mar. 30, 1973.
  Compiler's Notes: The repealed section, formerly compiled in Chapter 14 of this act, pertained to reward prohibited for procurement of business by unlicensed person.Popular Name:...
• Section 500.1453 Exceptions To Provisions Of Chapter.
  The provisions of this chapter do not apply to the following: (a) Risk retention groups as defined in section 1801. (b) Captive insurers owned...
• Section 500.1454 Repealed. 1972, Act 133, Eff. Mar. 30, 1973.
  Compiler's Notes: The repealed section, formerly compiled in Chapter 14 of this act, pertained to penalty for violations and suspension of license.Popular Name: Act 218
• Section 500.1455 Applicability Of Section; Contract Between Controlling Producer And Insurer Required For Doing Business; Minimum Provisions; Audit Committee; Reports; Applicability Of Section 60 Days After Effective Date Of Chapter.
  (1) Except as provided in subsection (2), this section applies if, in any calendar year, the aggregate amount of gross written premium on business...
• Section 500.1456 Repealed. 1972, Act 133, Eff. Mar. 30, 1973.
  Compiler's Notes: The repealed section, formerly compiled in Chapter 14 of this act, pertained to agent, solicitor, or broker as fiduciary and intent to embezzle.Popular...
• Section 500.1457 Notice Of Relationship Between Producer And Controlled Insurer; Exception; Applicability Of Section To Policies Written Or Renewed 60 Days After Effective Date Of Chapter.
  (1) The controlling producer, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between...
• Section 500.1458 Repealed. 1972, Act 133, Eff. Mar. 30, 1973.
  Compiler's Notes: The repealed section, formerly compiled in Chapter 14 of this act, pertained to insurers' adjuster, license, and licensed agents for fire insurers.Popular Name:...
• Section 500.1459 Noncompliance With Chapter, Regulation, Or Order; Authority Of Commissioner; Civil Action For Recovery Of Damages For Benefit Of Insurer; Other Penalties; Rights Of Third Parties Not Affected Or Altered.
  (1) If the commissioner believes that the controlling producer or any other person has not materially complied with this chapter or any regulation or...
• Section 500.1460-500.1474 Repealed. 1972, Act 133, Eff. Mar. 30, 1973.
  Compiler's Notes: The repealed sections, formerly compiled in Chapter 14 of this act, pertained to adjusters, counselors, and licensing.Popular Name: Act 218

Last modified: October 10, 2016