MCL - 218-1956-19
Act 218 of 1956
| Document | Type | Description |
|---|---|---|
| Section 500.1901 | Section | Short title. |
| Section 500.1902 | Section | Liberal construction and application. |
| Section 500.1903 | Section | Definitions; conflicting provisions. |
| Section 500.1903a | Section | Contract of insurance. |
| Section 500.1904 | Section | Rates and forms used by unauthorized insurers. |
| Section 500.1905 | Section | License required to act as agent or broker in transaction of surplus lines insurance; compliance; requirements for obtaining surplus lines license; permissible acts of surplus lines licensee; conditions to placement of insurance with eligible unauthorized insurer. |
| Section 500.1906 | Section | Books and records of surplus lines licensee; examination; access. |
| Section 500.1910 | Section | Prohibited placement of insurance with unauthorized insurer; rebuttable presumption as to availability of coverages; list of unavailable lines of insurance; additions to or deletions from list; publication, revision, and availability of list. |
| Section 500.1911 | Section | Issuing evidence of placement of insurance with eligible unauthorized insurer; conditions; identification of entities directly assuming risk of loss; specifying obligation as joint or several; specifying proportion of obligation assumed. |
| Section 500.1912 | Section | Delivery of written evidence of insurance to insured or insured's representative; time; conditions. |
| Section 500.1913 | Section | Separate account of each transaction; filing certified evidence of transactions. |
| Section 500.1915 | Section | Charging fees; conditions; excessive or discriminatory fee prohibited; documentation and evidence of disclosure of fees; exclusion of fees in computation of premium taxes. |
| Section 500.1916 | Section | Compensation of licensee and licensed resident agent; collection of premiums; effect of premium payment made to agent. |
| Section 500.1917 | Section | Liability if risk assumed and premium received by licensee. |
| Section 500.1920 | Section | Recognition as eligible surplus lines insurer; application; recommendations; conditions; information; examination; removal of insurer from list. |
| Section 500.1921 | Section | Recognition as eligible unauthorized insurer; deposit; trust fund, marketable securities, or equivalent instruments; provisions inapplicable to certain unincorporated, alien insurers; commissioner as resident agent for service of process. |
| Section 500.1922 | Section | Notice on face of instrument evidencing surplus lines insurance. |
| Section 500.1930 | Section | Association of licensees; registration; purposes; required filings by association; reasons for refusal to register association; reasons for suspension or revocation of registration; denial of membership. |
| Section 500.1932 | Section | Servicing facility; establishment; reimbursement for expenses and payments; functions; approval; member licensee as servicing facility. |
| Section 500.1933 | Section | Suits by or against association; assertion or defense of rights. |
| Section 500.1934 | Section | Filing certified audit of books, records, and trust funds. |
| Section 500.1940 | Section | Reports and recommendations regarding financial condition of eligible unauthorized insurer; reports and recommendations not considered public documents; liability for statements. |
| Section 500.1946 | Section | Repealed. 2000, Act 486, Imd. Eff. Jan. 11, 2001. |
| Section 500.1950 | Section | Placement of insurance with insurer which is neither an authorized insurer nor an eligible unauthorized insurer; duties of licensee. |
| Section 500.1951 | Section | Procuring, continuing, or renewing insurance with unauthorized insurer; report; tax on premiums; regulatory fee. |
| Section 500.1952 | Section | Violation as misdemeanor; penalty. |
| Section 500.1955 | Section | Rules implementing chapter; declaratory rulings. |