MCL - 218-1956-12

THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 12
AGENTS, SOLICITORS, ADJUSTERS, AND COUNSELORS
Document Type Description
Section 500.1200 Section “Good moral character” defined.
Section 500.1201 Section Definitions.
Section 500.1201a Section Sale, solicitation, or negotiation of insurance; license required; applicability to excess and surplus lines agents and brokers.
Section 500.1202 Section Insurance producer license; definitions.
Section 500.1203 Section Authority of insurance producer for fraternal benefit society; authority of attorney-in-fact of reciprocal or inter-insurance exchange.
Section 500.1204 Section Applicant for insurance producer license; examination; registered program of study; waiver of examination or program of study requirements; administration of examinations; fee; reapplication.
Section 500.1204a Section Qualification as registered insurance producer program of study; criteria; conducting portion of minimum number of classroom hours of instruction; rules; recommendations for improvements in course materials; failure to maintain reasonable standards; refusal by director to approve insurance education instructor; probation, suspension, or revocation of approval.
Section 500.1204b Section Repealed. 2017, Act 67, Imd. Eff. June 30, 2017.
Section 500.1204c Section Insurance producer's hours of study; review; continuing education requirements; program of study; approval; fee; hearing; revocation; filing certificate of attendance or instruction; waiver; reciprocal agreements; fees; grace period; sale of business and failure to meet continuing education requirements; cancellation of license; review date of applicable 2-year period; access to classroom; refusal to approve education instructor; probation, suspension, or revocation of approval; definitions.
Section 500.1204d Section Continuing education fund; creation; administration; disposition and reversion of funds; funding of shortfall.
Section 500.1204e Section Nonresident license applicant; requirements.
Section 500.1204f Section Long-term care insurance; requirements for sale, solicitation, or negotiation by individual; delivery or issuance by insurer; 1-time training course; requirements.
Section 500.1205 Section Resident insurance producer license; filing; application; statement; requirements; business entity; verification of information; limited line credit insurance.
Section 500.1206 Section Insurance producer license; issuance; qualification in line of insurance; duration; reinstatement; contents of license; change of name or address; ministerial functions.
Section 500.1206a Section Nonresident insurance producer license; requirements; verification of status; change of address; nonresident surplus lines insurance producer license; nonresident limited lines insurance producer.
Section 500.1206b Section Nonresident insurance producer license; prelicensing education or examination; exemption; application as resident licensee.
Section 500.1206c Section Life and health insurance producer examinations; summary of statistical information; report.
Section 500.1207 Section Agent as fiduciary; accounting methods; examination of records; remuneration of person acting as agent; placing refused coverage; use of intimidation, threats, or unlawful inducements; agent as party to contract.
Section 500.1207.amended Section Agent as fiduciary; separate accounts; examination of records; remuneration of person acting as agent; placing refused coverage; use of intimidation, threats, or unlawful inducements; agent as party to contract.
Section 500.1208 Section Insurance effected by agent on certain risks; limitation.
Section 500.1208a Section Appointment of producer as agent; notice of appointment; filing; verification of eligibility; fee.
Section 500.1208b Section Termination of business relationship with insurance producer; notice to commissioner; format; liability for disclosure of information or statement.
Section 500.1209 Section Termination of insurance producer's authority to represent insurer; responsibility and authority of insurance producer following notice of termination; exceptions; condition of insurer's authority to transact business in state; construction of subsection (2); “automobile insurance” and “home insurance” defined.
Section 500.1210 Section Accident and health insurance agent as health benefit agent.
Section 500.1211 Section Solicitation and collection on behalf of licensed insurance producer; authorization; contract; agent of the insured; agent of the insurer.
Section 500.1211a Section Assumed name; use.
Section 500.1211b Section Temporary license.
Section 500.1212 Section Persons acting as solicitors; contract with agent; license; notice of appointment.
Section 500.1214 Section Solicitor; application for license and notice of appointment; forms; examination required; program of study as condition to examination; waiver of examination or program of study; investigations and interrogatories; decision; issuance of license; qualifications; disclosures; acting on behalf of sponsoring agent; contents of license; person licensed as solicitor for casualty insurance permitted to act as solicitor for legal expense insurance; duration and surrender of license; reexamination; notice.
Section 500.1216 Section Solicitor as fiduciary; accounting methods; examination of records; remuneration of person acting as agent or solicitor.
Section 500.1218 Section Termination of solicitor's authority to represent agent; notice; disclosure; liability of agent.
Section 500.1222 Section Adjuster's license required; exemptions.
Section 500.1224 Section Adjuster; application for license; forms; examination; investigations and interrogatories; waiver; decision; issuance of license; qualifications; additional restrictions; licenses to certain persons prohibited; "home state" defined.
Section 500.1226 Section Persons aiding adjuster; representation by adjuster; procedure for soliciting loss; schedule of rates; limitation on charges; contract.
Section 500.1227 Section Conduct of adjuster; prohibitions.
Section 500.1228 Section Records of adjuster.
Section 500.1232 Section Insurance counselor; license required; use of designation “certified insurance counselor” or “fraternal insurance counselor”; exceptions.
Section 500.1234 Section Insurance counselor; application for license; forms; examination; investigations and interrogatories; decision; issuance of license; qualifications.
Section 500.1236 Section Written agreement between insurance counselor and client.
Section 500.1238 Section Reporting mailing and electronic mail address of agent, solicitor, counselor, or adjuster; notice of change in address; maintaining address on file; mailing of notice of hearing or process.
Section 500.1239 Section Probation, suspension, or revocation of insurance producer's license; refusal to issue or reissue; causes; civil fine; notice of license denial; hearing; license of business entity; penalties and remedies.
Section 500.1240 Section Payment or acceptance of commission, service fee, or valuable consideration.
Section 500.1242 Section Refusal, suspension, or revocation of license; notice; hearings; summary suspension; subpoenas.
Section 500.1243 Section Definitions; sale of insurance by lender.
Section 500.1244 Section Violation of chapter; hearing; serving copy of findings and cease and desist order; additional orders; reopening, altering, modifying, or setting aside order; violation of cease and desist order; notice and hearing; civil fine; suspension or revocation of license; disposition of fine; court of claims.
Section 500.1246 Section Confidentiality; use of documents, materials, or other information.
Section 500.1247 Section Report of administrative action.