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MICHIGAN STATUTES AND CODES
218-1956-19 - CHAPTER 19 (500.1901...500.1955)
- Section 500.1901 - Short title.
- Section 500.1902 - Liberal construction and application.
- Section 500.1903 - Definitions; conflicting provisions.
- Section 500.1903a - Contract of insurance.
- Section 500.1904 - Rates and forms used by unauthorized insurers.
- Section 500.1905 - License required to act as agent or broker in transaction of surplus lines insurance; compliance; requirements for obtaining surplus lines license; permissible acts of surplus lines
- Section 500.1906 - Books and records of surplus lines licensee; examination; access.
- Section 500.1910 - Prohibited placement of insurance with unauthorized insurer; rebuttable presumption as to availability of coverages; list of unavailable lines of insurance; additions to or deletion
- Section 500.1911 - Issuing evidence of placement of insurance with eligible unauthorized insurer; conditions; identification of entities directly assuming risk of loss; specifying obligation as joint
- Section 500.1912 - Delivery of written evidence of insurance to insured or insured's representative; time; conditions.
- Section 500.1913 - Separate account of each transaction; filing certified evidence of transactions.
- Section 500.1915 - Charging fee in excess of $50.00; conditions; excessive or discriminatory fee prohibited; documentation of fees; exclusion of fees in computation of premium taxes; adjustment; "
- Section 500.1916 - Compensation of licensee and licensed resident agent; collection of premiums; effect of premium payment made to agent.
- Section 500.1917 - Liability if risk assumed and premium received by licensee.
- Section 500.1920 - Recognition as eligible surplus lines insurer; application; recommendations; conditions; information; examination; removal of insurer from list.
- Section 500.1921 - Recognition as eligible unauthorized insurer; deposit; trust fund, marketable securities, or equivalent instruments; provisions inapplicable to certain unincorporated, alien insurer
- Section 500.1922 - Notice on face of instrument evidencing surplus lines insurance.
- Section 500.1930 - Association of licensees; registration; purposes; required filings by association; reasons for refusal to register association; reasons for suspension or revocation of registration;
- Section 500.1932 - Servicing facility; establishment; reimbursement for expenses and payments; functions; approval; member licensee as servicing facility.
- Section 500.1933 - Suits by or against association; assertion or defense of rights.
- Section 500.1934 - Filing certified audit of books, records, and trust funds.
- Section 500.1940 - Reports and recommendations regarding financial condition of eligible unauthorized insurer; reports and recommendations not considered public documents; liability for statements.
- Section 500.1946 - Repealed. 2000, Act 486, Imd. Eff. Jan. 11, 2001.
- Section 500.1950 - Placement of insurance with insurer which is neither an authorized insurer nor an eligible unauthorized insurer; duties of licensee.
- Section 500.1951 - Procuring, continuing, or renewing insurance with unauthorized insurer; report; tax on premiums; regulatory fee.
- Section 500.1952 - Violation as misdemeanor; penalty.
- Section 500.1955 - Rules implementing chapter; declaratory rulings.
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