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Section 500.1901 - Short Title. - Sec. 1901. This chapter shall be known and may be...
Section 500.1902 - Liberal Construction and Application. - Sec. 1902. This chapter shall be liberally construed and applied...
Section 500.1903 - Definitions; Conflicting Provisions. - Sec. 1903. (1) As used in this chapter: (a) "Eligible...
Section 500.1903a - Contract of Insurance. - Sec. 1903a. For purposes of this chapter, a written contract...
Section 500.1904 - Rates and Forms Used by Unauthorized Insurers. - Sec. 1904. (1) Rates used by unauthorized insurers shall not...
Section 500.1905 - License Required to Act as Agent or Broker in Transaction of Surplus Lines Insurance; Compliance; Requirements for Obtaining Surplus Lines License; Permissible Acts of Surplus Lines Licensee; Conditions to Placement of Insurance Wi... - Sec. 1905. (1) A person shall not solicit insurance, bind...
Section 500.1906 - Books and Records of Surplus Lines Licensee; Examination; Access. - Sec. 1906. If the commissioner considers it necessary, he or...
Section 500.1910 - Prohibited Placement of Insurance With Unauthorized Insurer; Rebuttable Presumption as to Availability of Coverages; List of Unavailable Lines of Insurance; Additions to or Deletions From List; Publication, Revision, and Availabili... - Sec. 1910. (1) Insurance shall not be placed by a...
Section 500.1911 - Issuing Evidence of Placement of Insurance With Eligible Unauthorized Insurer; Conditions; Identification of Entities Directly Assuming Risk of Loss; Specifying Obligation as Joint or Several; Specifying Proportion of Obligation As... - Sec. 1911. (1) Only a licensee shall issue evidence of...
Section 500.1912 - Delivery of Written Evidence of Insurance to Insured or Insured's Representative; Time; Conditions. - Sec. 1912. If the surplus lines licensee acts in reliance...
Section 500.1913 - Separate Account of Each Transaction; Filing Certified Evidence of Transactions. - Sec. 1913. Each surplus lines licensee shall keep a separate...
Section 500.1915 - Charging Fees; Conditions; Excessive or Discriminatory Fee Prohibited; Documentation and Evidence of Disclosure of Fees; Exclusion of Fees in Computation of Premium Taxes. - Sec. 1915. (1) A licensee may charge a fee as...
Section 500.1916 - Compensation of Licensee and Licensed Resident Agent; Collection of Premiums; Effect of Premium Payment Made to Agent. - Sec. 1916. A licensee may be compensated by an unauthorized...
Section 500.1917 - Liability if Risk Assumed and Premium Received by Licensee. - Sec. 1917. If an unauthorized insurer has assumed a risk...
Section 500.1920 - Recognition as Eligible Surplus Lines Insurer; Application; Recommendations; Conditions; Information; Examination; Removal of Insurer From List. - Sec. 1920. (1) A licensee shall offer surplus lines insurance...
Section 500.1921 - Recognition as Eligible Unauthorized Insurer; Deposit; Trust Fund, Marketable Securities, or Equivalent Instruments; Provisions Inapplicable to Certain Unincorporated, Alien Insurers; Commissioner as Resident Agent for Service of P... - Sec. 1921. (1) In addition to other requirements of this...
Section 500.1922 - Notice on Face of Instrument Evidencing Surplus Lines Insurance. - Sec. 1922. Each policy, cover note, or other instrument evidencing...
Section 500.1930 - Association of Licensees; Registration; Purposes; Required Filings by Association; Reasons for Refusal to Register Association; Reasons for Suspension or Revocation of Registration; Denial of Membership. - Sec. 1930. (1) Licensees may associate and the commissioner may...
Section 500.1932 - Servicing Facility; Establishment; Reimbursement for Expenses and Payments; Functions; Approval; Member Licensee as Servicing Facility. - Sec. 1932. (1) In accordance with its bylaws, an association...
Section 500.1933 - Suits by or Against Association; Assertion or Defense of Rights. - Sec. 1933. An association, in its own name or through...
Section 500.1934 - Filing Certified Audit of Books, Records, and Trust Funds. - Sec. 1934. Each association shall file annually with the commissioner...
Section 500.1940 - Reports and Recommendations Regarding Financial Condition of Eligible Unauthorized Insurer; Reports and Recommendations Not Considered Public Documents; Liability for Statements. - Sec. 1940. The association may submit reports and make recommendations...
Section 500.1946 - Repealed. 2000, Act 486, Imd. Eff. Jan. 11, 2001. - Compiler's Notes: The repealed section pertained to promulgation of rules...
Section 500.1950 - Placement of Insurance With Insurer Which Is Neither an Authorized Insurer nor an Eligible Unauthorized Insurer; Duties of Licensee. - Sec. 1950. Notwithstanding section 1920(1), a resident of this state...
Section 500.1951 - Procuring, Continuing, or Renewing Insurance With Unauthorized Insurer; Report; Tax on Premiums; Regulatory Fee. - Sec. 1951. An insured in this state who, on behalf...
Section 500.1952 - Violation as Misdemeanor; Penalty. - Sec. 1952. A person who knowingly and wilfully violates or...
Section 500.1955 - Rules Implementing Chapter; Declaratory Rulings. - Sec. 1955. The commissioner may promulgate rules to implement this...