Michigan Laws 500.1413 – Acts of managing general agent deemed acts of insurer; examination
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 500.1413
- Insurer: means an individual, corporation, association, partnership, reciprocal exchange, inter-insurer, Lloyds organization, fraternal benefit society, or other legal entity, engaged or attempting to engage in the business of making insurance or surety contracts. See Michigan Laws 500.106
The acts of the managing general agent are considered to be the acts of the insurer on whose behalf it is acting. A managing general agent may be examined as if it were the insurer.