Sec. 2161.
An insurer shall indemnify, defend, and hold harmless producers from and against all liability, fees, and costs arising out of or relating to the actions, errors, or omissions of a producer resulting from the use of credit information or insurance scores for the insurer, provided that the producer follows the procedures and instructions established by the insurer and complies with all applicable laws and regulations.
History: Add. 2012, Act 205, Eff. Mar. 28, 2013 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)
218-1956-21A - Chapter 21a Credit Information and Credit Scores (500.2151...500.2162)
Section 500.2151 - Definitions.
Section 500.2153 - Credit Information or Insurance Score; Use.
Section 500.2154 - Reasonable Exceptions.
Section 500.2156 - Notice of Adverse Action.
Section 500.2157 - Incorrect or Incomplete Credit Information; Adjustments.
Section 500.2159 - Cause of Action; Construction of Chapter.