Sec. 7302.
Only a domestic, foreign or alien corporation organized on the stock plan and authorized by the commissioner pursuant to section 7303 shall transact or attempt to transact a title insurance business in this state or issue title insurance with respect to real estate located in this state.
History: Add. 1966, Act 221, Imd. Eff. July 11, 1966 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)
218-1956-73 - Chapter 73 Title Insurers (500.7300...500.7318)
Section 500.7300 - Scope of Chapter.
Section 500.7301 - Definitions.
Section 500.7302 - Corporations Authorized to Transact Title Insurance.
Section 500.7303 - Prerequisites to Issuance of Certificate of Authority.
Section 500.7304 - Title Insurers; Powers.
Section 500.7305 - Unearned Premium Reserves.
Section 500.7306 - Claim Reserves; Requirements.
Section 500.7308 - Reinsurance; Authorization.
Section 500.7310 - Rating Organizations; Formation; Operation.
Section 500.7312 - Rates; Filing.
Section 500.7315 - Investments; Interests in Realty.
Section 500.7316 - Property Title Information Report.
Section 500.7317 - Licensing of Agents or Solicitors.
Section 500.7318 - Effect of Act on Prior Act; Liabilities; Penalties.