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Section 500.1200 - “Good Moral Character” Defined. - Sec. 1200. As used in this chapter, "good moral character"...
Section 500.1201 - Definitions. - Sec. 1201. As used in this chapter: (a) "Agent" except...
Section 500.1201a - Sale, Solicitation, or Negotiation of Insurance; License Required; Applicability to Excess and Surplus Lines Agents and Brokers. - Sec. 1201a. (1) A person shall not sell, solicit, or...
Section 500.1202 - Insurance Producer License; Definitions. - Sec. 1202. (1) This chapter does not require an insurer...
Section 500.1203 - Authority of Insurance Producer for Fraternal Benefit Society; Authority of Attorney-in-Fact of Reciprocal or Inter-Insurance Exchange. - Sec. 1203. (1) A person may act as an insurance...
Section 500.1204 - Applicant for Insurance Producer License; Examination; Registered Program of Study; Waiver of Examination or Program of Study Requirements; Administration of Examinations; Fee; Reapplication. - Sec. 1204. (1) A resident individual applying for an insurance...
Section 500.1204a - Qualification as Registered Insurance Producer Program of Study; Criteria; Conducting Portion of Minimum Number of Classroom Hours of Instruction; Rules; Recommendations for Improvements in Course Materials; Failure to Maintain Re... - Sec. 1204a. (1) To qualify as a registered insurance producer...
Section 500.1204b - Repealed. 2017, Act 67, Imd. Eff. June 30, 2017. - Compiler's Notes: The repealed section pertained to creation of insurance...
Section 500.1204c - Insurance Producer's Hours of Study; Review; Continuing Education Requirements; Program of Study; Approval; Fee; Hearing; Revocation; Filing Certificate of Attendance or Instruction; Waiver; Reciprocal Agreements; Fees; Grace Peri... - Sec. 1204c. (1) An insurance producer's hours of study accrued...
Section 500.1204d - Continuing Education Fund; Creation; Administration; Disposition and Reversion of Funds; Funding of Shortfall. - Sec. 1204d. (1) The continuing education fund is created as...
Section 500.1204e - Nonresident License Applicant; Requirements. - Sec. 1204e. (1) The commissioner shall waive any requirements for...
Section 500.1204f - Long-Term Care Insurance; Requirements for Sale, Solicitation, or Negotiation by Individual; Delivery or Issuance by Insurer; 1-Time Training Course; Requirements. - Sec. 1204f. (1) An individual shall not sell, solicit, or...
Section 500.1205 - Resident Insurance Producer License; Filing; Application; Statement; Requirements; Business Entity; Verification of Information; Limited Line Credit Insurance. - Sec. 1205. (1) A person applying for a resident insurance...
Section 500.1206 - Insurance Producer License; Issuance; Qualification in Line of Insurance; Duration; Reinstatement; Contents of License; Change of Name or Address; Ministerial Functions. - Sec. 1206. (1) Unless denied licensure under section 1239, persons...
Section 500.1206a - Nonresident Insurance Producer License; Requirements; Verification of Status; Change of Address; Nonresident Surplus Lines Insurance Producer License; Nonresident Limited Lines Insurance Producer. - Sec. 1206a. (1) Unless denied licensure under section 1239, a...
Section 500.1206b - Nonresident Insurance Producer License; Prelicensing Education or Examination; Exemption; Application as Resident Licensee. - Sec. 1206b. (1) An individual who applies for an insurance...
Section 500.1206c - Life and Health Insurance Producer Examinations; Summary of Statistical Information; Report. - Sec. 1206c. By not later than 6 months after the...
Section 500.1207 - Agent as Fiduciary; Accounting Methods; Examination of Records; Remuneration of Person Acting as Agent; Placing Refused Coverage; Use of Intimidation, Threats, or Unlawful Inducements; Agent as Party to Contract. - Sec. 1207. (1) An agent is a fiduciary for all...
Section 500.1208 - Insurance Effected by Agent on Certain Risks; Limitation. - Sec. 1208. An agent, during any 12-month period, may not...
Section 500.1208a - Appointment of Producer as Agent; Notice of Appointment; Filing; Verification of Eligibility; Fee. - Sec. 1208a. (1) An insurance producer shall not act as...
Section 500.1208b - Termination of Business Relationship With Insurance Producer; Notice to Commissioner; Format; Liability for Disclosure of Information or Statement. - Sec. 1208b. (1) An insurer or authorized representative of the...
Section 500.1209 - Termination of Insurance Producer's Authority to Represent Insurer; Responsibility and Authority of Insurance Producer Following Notice of Termination; Exceptions; Condition of Insurer's Authority to Transact Business in State; Con... - Sec. 1209. (1) If an insurance producer's authority to represent...
Section 500.1210 - Accident and Health Insurance Agent as Health Benefit Agent. - Sec. 1210. An accident and health insurance agent who is...
Section 500.1211 - Solicitation and Collection on Behalf of Licensed Insurance Producer; Authorization; Contract; Agent of the Insured; Agent of the Insurer. - Sec. 1211. (1) A natural person may solicit applications for...
Section 500.1211a - Assumed Name; Use. - Sec. 1211a. An insurance producer doing business under any name...
Section 500.1211b - Temporary License. - Sec. 1211b. (1) The commissioner may issue a temporary insurance...
Section 500.1212 - Persons Acting as Solicitors; Contract With Agent; License; Notice of Appointment. - Sec. 1212. (1) An agent may not appoint, employ or...
Section 500.1214 - Solicitor; Application for License and Notice of Appointment; Forms; Examination Required; Program of Study as Condition to Examination; Waiver of Examination or Program of Study; Investigations and Interrogatories; Decision; Issua... - Sec. 1214. (1) An application for a license to act...
Section 500.1216 - Solicitor as Fiduciary; Accounting Methods; Examination of Records; Remuneration of Person Acting as Agent or Solicitor. - Sec. 1216. (1) A solicitor shall be a fiduciary for...
Section 500.1218 - Termination of Solicitor's Authority to Represent Agent; Notice; Disclosure; Liability of Agent. - Sec. 1218. An agent shall immediately notify the commissioner of...
Section 500.1222 - Adjuster's License Required; Exemptions. - Sec. 1222. (1) A person shall not adjust loss or...
Section 500.1224 - Adjuster; Application for License; Forms; Examination; Investigations and Interrogatories; Waiver; Decision; Issuance of License; Qualifications; Additional Restrictions; Licenses to Certain Persons Prohibited; "Home State" Defined... - Sec. 1224. (1) An application for a license to act...
Section 500.1226 - Persons Aiding Adjuster; Representation by Adjuster; Procedure for Soliciting Loss; Schedule of Rates; Limitation on Charges; Contract. - Sec. 1226. (1) An adjuster for an insured shall not...
Section 500.1227 - Conduct of Adjuster; Prohibitions. - Sec. 1227. (1) An adjuster for an insured shall not...
Section 500.1228 - Records of Adjuster. - Sec. 1228. (1) An adjuster for an insured shall maintain...
Section 500.1232 - Insurance Counselor; License Required; Use of Designation “Certified Insurance Counselor” or “Fraternal Insurance Counselor”; Exceptions. - Sec. 1232. A person shall not audit or abstract policies...
Section 500.1234 - Insurance Counselor; Application for License; Forms; Examination; Investigations and Interrogatories; Decision; Issuance of License; Qualifications. - Sec. 1234. (1) An application for a license to act...
Section 500.1236 - Written Agreement Between Insurance Counselor and Client. - Sec. 1236. In advance of rendering any service set forth...
Section 500.1238 - Reporting Mailing and Electronic Mail Address of Agent, Solicitor, Counselor, or Adjuster; Notice of Change in Address; Maintaining Address on File; Mailing of Notice of Hearing or Process. - Sec. 1238. (1) When applying for a license to act...
Section 500.1239 - Probation, Suspension, or Revocation of Insurance Producer's License; Refusal to Issue or Reissue; Causes; Civil Fine; Notice of License Denial; Hearing; License of Business Entity; Penalties and Remedies. - Sec. 1239. (1) In addition to any other powers under...
Section 500.1240 - Payment or Acceptance of Commission, Service Fee, or Valuable Consideration. - Sec. 1240. (1) An insurer or insurance producer shall not...
Section 500.1242 - Refusal, Suspension, or Revocation of License; Notice; Hearings; Summary Suspension; Subpoenas. - Sec. 1242. (1) The commissioner shall refuse to grant a...
Section 500.1243 - Definitions; Sale of Insurance by Lender. - Sec. 1243. (1) As used in this section: (a) "Act"...
Section 500.1244 - Violation of Chapter; Hearing; Serving Copy of Findings and Cease and Desist Order; Additional Orders; Reopening, Altering, Modifying, or Setting Aside Order; Violation of Cease and Desist Order; Notice and Hearing; Civil Fine; Sus... - Sec. 1244. (1) If the director finds that a person...
Section 500.1246 - Confidentiality; Use of Documents, Materials, or Other Information. - Sec. 1246. (1) Any documents, materials, or other information in...
Section 500.1247 - Report of Administrative Action. - Sec. 1247. (1) An insurance producer shall report to the...