Sec. 1835.
(1) A person, firm, association, or corporation shall not act or aid in any manner in soliciting, negotiating, or procuring liability insurance in this state from a risk retention group unless the person, firm, association, or corporation is licensed under chapter 12 or chapter 19.
(2) A person, firm, association, or corporation shall not act or aid in any manner in soliciting, negotiating, or procuring liability insurance in this state for a purchasing group from an authorized insurer or a risk retention group chartered in this state unless the person, firm, association, or corporation is licensed under chapter 12.
(3) A person, firm, association, or corporation shall not act or aid in any manner in soliciting, negotiating, or procuring liability insurance from an insurer not authorized to do business in this state on behalf of a purchasing group doing business in this state unless the person, firm, association, or corporation is licensed under chapter 19.
(4) For the purpose of acting as an agent or broker for a risk retention group or purchasing group under subsections (1) and (2), the requirement of residence in this state shall not apply. However, licensure of a nonresident under chapter 19 shall be for the limited purpose of soliciting, negotiating, or procuring liability insurance from a risk retention group not chartered in this state.
History: Add. 1989, Act 214, Eff. Jan. 1, 1990 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)
218-1956-18 - Chapter 18 (500.1801...500.1864)
Section 500.1801 - Definitions.
Section 500.1804 - Repealed. 1980, Act 341, Eff. June 23, 1981.
Section 500.1805 - Risk Retention Group Chartered in State; Summary Form of Required Information.
Section 500.1806 - Repealed. 1980, Act 341, Eff. June 23, 1981.
Section 500.1807 - Risk Retention Group Chartered in State; Plan of Operation or Feasibility Study.
Section 500.1809 - Risk Retention Group Chartered in State; Name.
Section 500.1810 - Repealed. 1980, Act 341, Eff. June 23, 1981.
Section 500.1812 - Repealed. 1980, Act 341, Eff. June 23, 1981.
Section 500.1819 - Notice Required on Application Form and Front and Declaration Pages of Policy.
Section 500.1820 - Repealed. 1980, Act 341, Eff. June 23, 1981.
Section 500.1821 - Risk Retention Group Chartered or Doing Business in State; Prohibited Conduct.
Section 500.1822 - Repealed. 1980, Act 341, Eff. June 23, 1981.
Section 500.1823 - Violation; Fines and Penalties; Compliance.
Section 500.1825 - Purchasing Group; Information Required Before Doing Business in State.
Section 500.1828 - Repealed. 1980, Act 341, Eff. June 23, 1981.
Section 500.1830 - Repealed. 1980, Act 341, Eff. June 23, 1981.
Section 500.1831 - Premium Taxes and Other Taxes.
Section 500.1832 - Repealed. 1980, Act 341, Eff. June 23, 1981.
Section 500.1837 - Enforcement.
Section 500.1839 - Financial Responsibility.
Section 500.1840 - Repealed. 1980, Act 341, Eff. June 23, 1981.
Section 500.1841 - Repealed. 2000, Act 486, Imd. Eff. Jan. 11, 2001.
Section 500.1843-500.1864 - Repealed. 1980, Act 341, Eff. June 23, 1981.