Michigan Laws 500.4214 – Participation in surplus; provision required
Current as of: 2024 | Check for updates
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Terms Used In Michigan Laws 500.4214
- 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
There shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the policy.