There is a newer version of the Michigan Compiled Laws
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2006 Michigan Compiled Laws - Act 143 of 1935


OFFICE AGENT; SET-OFF FOR DAMAGES

Act 143 of 1935

AN ACT relative to the payment of the unpaid balance owed by an insurance agent to an insurance company taken over by the commissioner of insurance or in the hands of a receiver; to authorize as a set-off thereof damages incurred to the business of any such agent on account of the taking over by the commissioner of insurance of such insurance company, or of the placing of same into the hands of a receiver; and to declare the effect of this act.


History: 1935, Act 143, Imd. Eff. June 4, 1935
Compiler's Notes: For transfer of the Department of Insurance and Office of the Commissioner on Insurance from the Department of Licensing and Regulation to the Department of Commerce, see E.R.O. No. 1991-9, compiled at § 338.3501 of the Michigan Compiled Laws.




The People of the State of Michigan enact:

DocumentDescription
Section 550.231Office agent of insurance company taken over by insurance commissioner or receiver; off-set for damages.
Section 550.232Applicability of act.
Section 550.233Construction of act.

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.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.