Michigan Compiled Laws
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-16. - Chapter 16. Creditor-Placed Insurance (500.1601...500.1631)

Section 500.1601 - Insurer or Producer Transacting Creditor-Placed Insurance; Scope. - Sec. 1601. (1) This chapter applies to an insurer or...

Section 500.1603 - Private Cause of Action Not Created. - Sec. 1603. This chapter does not create or imply a...

Section 500.1605 - Definitions. - Sec. 1605. As used in this chapter: (a) "Actual cash...

Section 500.1607 - Dates on Which Insurance Effective or Terminated. - Sec. 1607. (1) Creditor-placed insurance shall become effective on the...

Section 500.1609 - Premiums; Calculation; Limitation; Charges Creating Balloon Payment Prohibited. - Sec. 1609. (1) Premiums for creditor-placed insurance coverage may be...

Section 500.1611 - Exclusions. - Sec. 1611. (1) Creditor-placed insurance coverage does not include any...

Section 500.1613 - Evidence of Insurance Coverage. - Sec. 1613. Creditor-placed insurance shall be set forth in an...

Section 500.1615 - Policy Forms and Certificates of Insurance; Filing; Schedule of Premium Rates; Withdrawal of Approval. - Sec. 1615. (1) All policy forms and certificates of insurance...

Section 500.1617 - Refund of Unearned Premium or Other Charges; Statement of Refund; Amount. - Sec. 1617. (1) Not later than 60 days after the...

Section 500.1619 - Loss Incurred; Payment; Reduced Net Debt or Actual Cash Value Amounts; Subrogation; Written Statement; Towing and Storage Charges. - Sec. 1619. (1) If a loss is incurred under a...

Section 500.1621 - Insurance on Collateral; Conditions. - Sec. 1621. (1) For a creditor to place insurance on...

Section 500.1623 - Rebates or Inducements; Prohibitions. - Sec. 1623. (1) The entire amount of the premium due...

Section 500.1625 - Adequate Disclosure of Requirement to Maintain Insurance; Notice; Final Notice; Noncompliance. - Sec. 1625. (1) A creditor shall not impose charges, including...

Section 500.1627 - Investigations or Examinations; Enforcement; Hearing; Consent Agreement; Injunctive Relief. - Sec. 1627. (1) In addition to other powers under this...

Section 500.1629 - Judicial Review; Court Order. - Sec. 1629. (1) A person aggrieved by a final order,...

Section 500.1631 - Violation of Order of Commission; Penalty. - Sec. 1631. An insurer that violates an order of the...