Michigan Laws 500.2322 – Agent authorized to solicit, negotiate, or effect worker’s compensation insurance on behalf of facility or participating member; rights and duties
Current as of: 2023 | Check for updates
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Every agent who is authorized to solicit, negotiate, or effect worker’s compensation insurance on behalf of the facility or on behalf of any participating member shall:
(a) Offer to place worker’s compensation insurance through the facility for any applicant requesting the agent to do so.
Terms Used In Michigan Laws 500.2322
- Facility: means the Michigan worker's compensation placement facility created under this chapter. See Michigan Laws 500.2303
- Participating member: means an insurer who is a member of the facility and who in any given calendar year has a participation ratio greater than zero in the facility for that year. See Michigan Laws 500.2303
(b) Be entitled to receive, and any participating member be entitled to pay, a commission for placing insurance through the facility at the uniform rates of commission as provided in the plan of operation.