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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)
218-1956-52 CHAPTER 52 CORPORATE POWERS, PROCEDURES OF STOCK AND MUTUAL INSURERS (500.5200...500.5290)
Section 500.5210 Dealing in commodities prohibited; exception.
Universal Citation: MI Comp L § 500.5210 (2017)
500.5210 Dealing in commodities prohibited; exception.
Sec. 5210.
No domestic property or marine or inland navigation and transportation, or automobile (limited) insurer shall, directly or indirectly, deal or trade in buying or selling any goods, wares, merchandise or other commodities whatever, excepting such articles as may have been insured by such insurer, and are claimed to be damaged by fire or water.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218
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