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2017 Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 THE INSURANCE CODE OF 1956 (500.100 - 500.8302)
218-1956-12A CHAPTER 12A (500.1261...500.1272)
Section 500.1266 Termination of relationship with individual certificate holder by business entity; notice to director.
Universal Citation: MI Comp L § 500.1266 (2017)
500.1266 Termination of relationship with individual certificate holder by business entity; notice to director.
Popular Name: Act 218
Sec. 1266.
A business entity that terminates the employment, engagement, affiliation, or other relationship with an individual certificate holder shall notify the director using a format prescribed by the director of the termination within 30 days following the effective date of the termination if the reason for termination is 1 of the reasons listed in section 1239(1) or the business entity has knowledge the individual was found by a court or government body to have engaged in any of the activities listed in section 1239(1).
History: Add. 2014, Act 566, Imd. Eff. Jan. 15, 2015
Popular Name: Act 218
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