Michigan Laws 500.402a – Transactions of insurance requiring certificate of authority
Current as of: 2023 | Check for updates
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In this state, the following transactions of insurance, whether effected by mail or otherwise, require a certificate of authority:
(a) The issuance or delivery of insurance contracts to residents of this state.
Terms Used In Michigan Laws 500.402a
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
(b) The solicitation of applications for insurance contracts from residents of this state.
(c) The collection of premiums, membership fees, assessments, or other consideration for insurance contracts from residents of this state.
(d) The doing or proposing to do any act in substance equivalent to subdivisions (a) to (c).