Sec. 1501a.
Nothing in this chapter shall limit or interfere with any bank, company or association described in subsection (b) of section 1501 as to any business which it is otherwise authorized to conduct, including the financing of insurance premiums. Nothing in this chapter shall prevent any such bank, company or association, if otherwise permitted by law and regulation, from qualifying under this chapter as an insurance premium finance company.
History: Add. 1968, Act 352, Eff. Nov. 15, 1968 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)
218-1956-15 - Chapter 15 Insurance Premium Finance Companies (500.1501...500.1514)
Section 500.1501 - Inapplicability of Chapter.
Section 500.1501a - Financial Institutions; Application of Chapter.
Section 500.1502 - Insurance Premium Finance Companies; Definitions.
Section 500.1503 - License Requirements; Violation, Penalty; Fees, Renewal, Application.
Section 500.1504 - License Investigation of Applicant; Issuance, Grounds, Hearing, Bond.
Section 500.1506 - Premium Finance Transaction Records; Examination; Preservation.
Section 500.1507 - Insurance Commissioner; Regulatory Powers.
Section 500.1510 - Insurance Premium Finance Agreement; Delinquency Charge; Cancellation Charge.
Section 500.1511 - Premium Finance Agreement; Cancellation of Insurance, Procedure, Notice, Refund.
Section 500.1512 - Premium Finance Agreement; Filing Not Required.