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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)
218-1956-4 CHAPTER 4 AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS (500.402...500.480)
Section 500.402c Motor vehicle rental company; insurance transaction; definitions.
Universal Citation: MI Comp L § 500.402c (2017)
500.402c Motor vehicle rental company; insurance transaction; definitions.
Popular Name: Act 218
Sec. 402c.
(1) A certificate of authority to transact insurance in this state is not required for the sale of any travel or auto-related insurance coverages by a motor vehicle rental company or its officers or employees in connection with and incidental to the rental of a motor vehicle.
(2) As used in this section:
(a) “Motor vehicle” means a motorized vehicle designed for transporting passengers or goods.
(b) “Motor vehicle rental company” means any person in the business of providing motor vehicles to the public under a rental agreement for a period not to exceed 90 days.
History: Add. 2002, Act 737, Imd. Eff. Dec. 30, 2002
Popular Name: Act 218
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