There is a newer version of the Michigan Compiled Laws
2015 Michigan Compiled Laws
Chapter 550 - General Insurance Laws
Act 173 of 1958 CREDIT INSURANCE ACT (550.601 - 550.624)
AN ACT to provide for the regulation of credit life insurance and credit accident and health insurance; to define the powers and duties of the state commissioner of insurance; and to provide penalties for violations of this act.
History: 1958, Act 173, Eff. Sept. 13, 1958
- Section 550.601 Credit insurance act; short title.
- Section 550.602 Scope of act.
- Section 550.603 Credit insurance act; definitions.
- Section 550.604 Credit life insurance, credit accident and health insurance; forms.
- Section 550.605 Credit life insurance; amount.
- Section 550.606 Periodic indemnity payable.
- Section 550.607 Term; refund on termination prior to expiration.
- Section 550.608 Evidence of insurance; policy or certificate delivery.
- Section 550.609 Policy or certificate; contents.
- Section 550.610 Policy or certificate; delivery to debtor.
- Section 550.611 Policy or certificate; application, contents.
- Section 550.612 Papers filed with commissioner of issuing state.
- Section 550.613 Papers filed with commissioner of issuing state; disapproval.
- Section 550.614 Papers filed with commissioner of issuing state; use, hearing, prior written approval.
- Section 550.615 Papers filed with commissioner of issuing state; withdrawal of approval.
- Section 550.616 Papers filed with commissioner of issuing state; use after withdrawal of approval.
- Section 550.617 Papers filed with commissioner of issuing state; judicial review.
- Section 550.618 Schedule of premium rates; refunds; nonissuance credit.
- Section 550.619 Policies issuable only by authorized insurers.
- Section 550.620 Payment of claims; claim files; group insurance claims.
- Section 550.621 Procurement of insurance by debtor.
- Section 550.622 Rules; violation, notice of hearing, finding, order.
- Section 550.623 Violation; penalty; license or authority, suspension or revocation.
- Section 550.624 Effect of act; scope 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.