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2020 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
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 MCL 338.3501 of the Michigan Compiled Laws.
- 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.
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