There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - CHAPTER 16. Creditor-Placed Insurance (500.1601...500.1631)
| Act 218 of 1956 Creditor-Placed Insurance |
| Document | Description |
| Section 500.1601 | Insurer or producer transacting creditor-placed insurance; scope. |
| Section 500.1603 | Private cause of action not created. |
| Section 500.1605 | Definitions. |
| Section 500.1607 | Dates on which insurance effective or terminated. |
| Section 500.1609 | Premiums; calculation; limitation; charges creating balloon payment prohibited. |
| Section 500.1611 | Exclusions. |
| Section 500.1613 | Evidence of insurance coverage. |
| Section 500.1615 | Policy forms and certificates of insurance; filing; schedule of premium rates; withdrawal of approval. |
| Section 500.1617 | Refund of unearned premium or other charges; statement of refund; amount. |
| Section 500.1619 | Loss incurred; payment; reduced net debt or actual cash value amounts; subrogation; written statement; towing and storage charges. |
| Section 500.1621 | Insurance on collateral; conditions. |
| Section 500.1623 | Rebates or inducements; prohibitions. |
| Section 500.1625 | Adequate disclosure of requirement to maintain insurance; notice; final notice; noncompliance. |
| Section 500.1627 | Investigations or examinations; enforcement; hearing; consent agreement; injunctive relief. |
| Section 500.1629 | Judicial review; court order. |
| Section 500.1631 | Violation of order of commission; penalty. |
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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