Michigan Compiled Laws
Chapter 550 - General Insurance Laws
Act 173 of 1958 - Credit Insurance Act (550.601 - 550.624)

Section 550.601 - Credit Insurance Act; Short Title. - Sec. 1. This act shall be known and may be...

Section 550.602 - Scope of Act. - Sec. 2. All life insurance and all accident and health...

Section 550.603 - Credit Insurance Act; Definitions. - Sec. 3. As used in this act: (1) "Credit life...

Section 550.604 - Credit Life Insurance, Credit Accident and Health Insurance; Forms. - Sec. 4. Credit life insurance and credit accident and health...

Section 550.605 - Credit Life Insurance; Amount. - Sec. 5. The amount of credit life insurance shall not...

Section 550.606 - Periodic Indemnity Payable. - Sec. 6. The amount of periodic indemnity payable by credit...

Section 550.607 - Term; Refund on Termination Prior to Expiration. - Sec. 7. The term of any credit life insurance or...

Section 550.608 - Evidence of Insurance; Policy or Certificate Delivery. - Sec. 8. All credit life insurance and credit accident and...

Section 550.609 - Policy or Certificate; Contents. - Sec. 9. Each individual policy or group certificate of credit...

Section 550.610 - Policy or Certificate; Delivery to Debtor. - Sec. 10. The individual policy or group certificate of insurance...

Section 550.611 - Policy or Certificate; Application, Contents. - Sec. 11. If the individual policy or group certificate of...

Section 550.612 - Papers Filed With Commissioner of Issuing State. - Sec. 12. All policies, certificates of insurance, notices of proposed...

Section 550.613 - Papers Filed With Commissioner of Issuing State; Disapproval. - Sec. 13. The commissioner within 30 days after the filing...

Section 550.614 - Papers Filed With Commissioner of Issuing State; Use, Hearing, Prior Written Approval. - Sec. 14. If the commissioner notifies the insurer that the...

Section 550.615 - Papers Filed With Commissioner of Issuing State; Withdrawal of Approval. - Sec. 15. The commissioner, at any time after a hearing,...

Section 550.616 - Papers Filed With Commissioner of Issuing State; Use After Withdrawal of Approval. - Sec. 16. It is not lawful for the insurer to...

Section 550.617 - Papers Filed With Commissioner of Issuing State; Judicial Review. - Sec. 17. Any order or final determination of the commissioner...

Section 550.618 - Schedule of Premium Rates; Refunds; Nonissuance Credit. - Sec. 18. Each insurer issuing credit life insurance or credit...

Section 550.619 - Policies Issuable Only by Authorized Insurers. - Sec. 19. All policies of credit life insurance and credit...

Section 550.620 - Payment of Claims; Claim Files; Group Insurance Claims. - Sec. 20. All claims shall be promptly reported to the...

Section 550.621 - Procurement of Insurance by Debtor. - Sec. 21. When credit life insurance or credit accident and...

Section 550.622 - Rules; Violation, Notice of Hearing, Finding, Order. - Sec. 22. The commissioner, after notice and hearing, may issue...

Section 550.623 - Violation; Penalty; License or Authority, Suspension or Revocation. - Sec. 23. In addition to any other penalty provided by...

Section 550.624 - Effect of Act; Scope of Act. - Sec. 24. This act shall not alter or amend any...