2006 Michigan Compiled Laws - Mich. Comp. Laws § 500.2204 Settlement of action brought by third party against person insured under commercial liability insurance policy; notice to insured required.
|
Act 218 of 1956 500.2204 Settlement of action brought by third party against person insured under commercial liability insurance policy; notice to insured required. Sec. 2204. Prior to a trial, an insurer shall not settle an action brought by a third party against a person insured under a commercial liability insurance policy issued by the insurer, unless the insurer gives the insured notice of the settlement at least 10 days prior to the settlement. As used in this section, "commercial liability insurance" means insurance which provides indemnification for commercial, industrial, professional, or business liabilities.
|
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.
