Sec. 1403.
For the purposes of the chapter, the following persons are not considered managing general agents:
(a) An employee of the insurer.
(b) A United States manager of the United States branch of an alien insurer.
(c) An underwriting manager who pursuant to contract manages all the insurer's insurance operations, is under common control with the insurer, is subject to chapter 13, and whose compensation is not based on the volume of premiums written.
(d) An attorney-in-fact for a reciprocal or inter-insurance exchange.
History: Add. 1990, Act 350, Eff. June 1, 1991 ;-- Am. 1991, Act 57, Imd. Eff. June 27, 1991 Popular Name: Act 218
Structure Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-14 - Chapter 14 Managing General Agents (500.1400...500.1450)
Section 500.1400 - Repealed. 1972, Act 133, Eff. Mar. 30, 1973.
Section 500.1401 - Definitions.
Section 500.1402 - Repealed. 1972, Act 133, Eff. Mar. 30, 1973.
Section 500.1403 - Persons Not Considered Managing General Agents.
Section 500.1404 - Repealed. 1972, Act 133, Eff. Mar. 30, 1973.
Section 500.1407 - Bond; Errors and Omissions Policy.
Section 500.1408 - Repealed. 1972, Act 133, Eff. Mar. 30, 1973.
Section 500.1409 - Contract Between Managing General Agent and Insurer; Required Provisions.
Section 500.1411 - Insurer; Duties.
Section 500.1412 - Repealed. 1972, Act 133, Eff. Mar. 30, 1973.
Section 500.1413 - Acts of Managing General Agent Deemed Acts of Insurer; Examination.
Section 500.1414 - Repealed. 1972, Act 133, Eff. Mar. 30, 1973.
Section 500.1416 - Repealed. 1972, Act 133, Eff. Mar. 30, 1973.
Section 500.1417 - Rules and Regulations.
Section 500.1419 - Effective Date of Chapter.
Section 500.1420-500.1450 - Repealed. 1972, Act 133, Eff. Mar. 30, 1973.