There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - CHAPTER 12 AGENTS, SOLICITORS, ADJUSTERS, AND COUNSELORS (500.1200...500.1247)
| Act 218 of 1956 AGENTS, SOLICITORS, ADJUSTERS, AND COUNSELORS |
| Document | Description |
| Section 500.1200 | "Good moral character" defined. |
| Section 500.1201 | Definitions. |
| Section 500.1201a | Sale, solicitation, or negotiation of insurance; license required; applicability to excess and surplus lines agents and brokers. |
| Section 500.1202 | Insurance producer license. |
| Section 500.1203 | Authority of insurance producer for fraternal benefit society; authority of attorney-in-fact of reciprocal or inter-insurance exchange. |
| Section 500.1204 | Applicant for insurance producer license; examination; registered program of study; waiver of examination or program of study requirements; administration of examination; fee; reapplication. |
| Section 500.1204a | Qualification as registered insurance agent program of study; criteria; conducting portion of minimum number of classroom hours of instruction; rules; recommendations for improvements in course materials; failure to maintain reasonable standards. |
| Section 500.1204b | Insurance agent education advisory council; creation; appointment, qualifications, and terms of members; meetings; reimbursement of expenses; duties of council; access to classroom. |
| Section 500.1204c | Definitions; insurance producer hours of study; review; continuing education requirements; program of study; approval; hearing; revocation; filing certificate of attendance or instruction; waiver; reciprocal agreements; fees; sale of business and failure to meet continuing education requirements; cancellation of license. |
| Section 500.1204d | Continuing education fund; creation; administration; disposition and reversion of funds; funding of shortfall. |
| Section 500.1204e | Nonresident license applicant; requirements. |
| Section 500.1205 | Resident insurance producer license; form; statement; requirements; business entity; verification of information; limited line credit insurance. |
| Section 500.1206 | Insurance producer license; issuance; qualification in line of insurance; duration; reinstatement; contents of license; change of name or address; ministerial functions. |
| Section 500.1206a | Nonresident insurance producer license; requirements; verification of status; change of address; nonresident surplus lines insurance producer license; nonresident limited lines insurance producer. |
| Section 500.1206b | Nonresident insurance producer license; prelicensing education or examination; exemption; application as resident licensee. |
| Section 500.1207 | Agent as fiduciary; accounting methods; examination of records; remuneration of person acting as agent; placing refused coverage; use of intimidation, threats, or unlawful inducements; agent as party to contract. |
| Section 500.1208 | Insurance effected by agent on certain risks; limitation. |
| Section 500.1208a | Appointment of producer as agent; notice of appointment; filing; verification of eligibility; fee. |
| Section 500.1208b | Termination of business relationship with insurance producer; notice to commissioner; format; liability for disclosure of information or statement. |
| Section 500.1209 | Termination of insurance producer's authority to represent insurer; responsibility and authority of insurance producer following notice of termination; exceptions; condition of insurer's authority to transact business in state; construction of subsection (2); "automobile insurance" and "home insurance" defined. |
| Section 500.1210 | Accident and health insurance agent as health benefit agent. |
| Section 500.1211 | Solicitation and collection on behalf of licensed insurance producer; authorization; contract. |
| Section 500.1211a | Assumed name; use. |
| Section 500.1211b | Temporary license. |
| Section 500.1212 | Persons acting as solicitors; contract with agent; license; notice of appointment. |
| Section 500.1214 | Solicitor; application for license and notice of appointment; forms; examination required; program of study as condition to examination; waiver of examination or program of study; investigations and interrogatories; decision; issuance of license; qualifications; disclosures; acting on behalf of sponsoring agent; contents of license; person licensed as solicitor for casualty insurance permitted to act as solicitor for legal expense insurance; duration and surrender of license; reexamination; notice. |
| Section 500.1216 | Solicitor as fiduciary; accounting methods; examination of records; remuneration of person acting as agent or solicitor. |
| Section 500.1218 | Termination of solicitor's authority to represent agent; notice; disclosure; liability of agent. |
| Section 500.1222 | Adjuster's license required; exceptions. |
| Section 500.1224 | Adjuster; application for license; forms; examination; investigations and interrogatories; waiver; decision; issuance of license; qualifications; additional restrictions; licenses to certain persons prohibited. |
| Section 500.1226 | Persons aiding adjuster; representation by adjuster; procedure for soliciting loss; schedule of rates; limitation on charges; contract. |
| Section 500.1227 | Conduct of adjuster; prohibitions. |
| Section 500.1228 | Records of adjuster. |
| Section 500.1232 | Insurance counselor; license required; use of designation "certified insurance counselor" or "fraternal insurance counselor"; exceptions. |
| Section 500.1234 | Insurance counselor; application for license; forms; examination; investigations and interrogatories; decision; issuance of license; qualifications. |
| Section 500.1236 | Written agreement between insurance counselor and client. |
| Section 500.1238 | Reporting mailing address of agent, solicitor, counselor, or adjuster; notice of change in mailing address; fee; maintaining mailing address on file; mailing of notice of hearing or process. |
| Section 500.1239 | Probation, suspension, revocation, or refusal to issue insurance producer's license; causes; civil fine; notice of license denial; hearing; license of business entity; penalties and remedies. |
| Section 500.1240 | Payment or acceptance of commission, service fee, or valuable consideration. |
| Section 500.1242 | Refusal, suspension, or revocation of license; notice; hearings; summary suspension; subpoenas. |
| Section 500.1243 | Definitions; sale of insurance by lender. |
| Section 500.1244 | Violation of chapter; hearing; serving copy of findings and cease and desist order; additional orders; reopening, altering, modifying, or setting aside order; violation of cease and desist order; notice and hearing; civil fine; suspension or revocation of license; disposition of fine. |
| Section 500.1246 | Confidentiality; use of documents, materials, or other information. |
| Section 500.1247 | Report of administrative action. |
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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