MCL - Act 173 of 1958
AN ACT to provide for the regulation of credit life insurance and credit accident and health insurance; to define the powers and duties of the state commissioner of insurance; and to provide penalties for violations of this act.
History: 1958, Act 173, Eff. Sept. 13, 1958
Compiler's Notes: For transfer of the Department of Insurance and Office of the Commissioner on Insurance from the Department of Licensing and Regulation to the Department of Commerce, see E.R.O. No. 1991-9, compiled at MCL 338.3501 of the Michigan Compiled Laws.
| Document | Type | Description |
|---|---|---|
| Section 550.601 | Section | Credit insurance act; short title. |
| Section 550.602 | Section | Scope of act. |
| Section 550.603 | Section | Credit insurance act; definitions. |
| Section 550.604 | Section | Credit life insurance, credit accident and health insurance; forms. |
| Section 550.605 | Section | Credit life insurance; amount. |
| Section 550.606 | Section | Periodic indemnity payable. |
| Section 550.607 | Section | Term; refund on termination prior to expiration. |
| Section 550.608 | Section | Evidence of insurance; policy or certificate delivery. |
| Section 550.609 | Section | Policy or certificate; contents. |
| Section 550.610 | Section | Policy or certificate; delivery to debtor. |
| Section 550.611 | Section | Policy or certificate; application, contents. |
| Section 550.612 | Section | Papers filed with commissioner of issuing state. |
| Section 550.613 | Section | Papers filed with commissioner of issuing state; disapproval. |
| Section 550.614 | Section | Papers filed with commissioner of issuing state; use, hearing, prior written approval. |
| Section 550.615 | Section | Papers filed with commissioner of issuing state; withdrawal of approval. |
| Section 550.616 | Section | Papers filed with commissioner of issuing state; use after withdrawal of approval. |
| Section 550.617 | Section | Papers filed with commissioner of issuing state; judicial review. |
| Section 550.618 | Section | Schedule of premium rates; refunds; nonissuance credit. |
| Section 550.619 | Section | Policies issuable only by authorized insurers. |
| Section 550.620 | Section | Payment of claims; claim files; group insurance claims. |
| Section 550.621 | Section | Procurement of insurance by debtor. |
| Section 550.622 | Section | Rules; violation, notice of hearing, finding, order. |
| Section 550.623 | Section | Violation; penalty; license or authority, suspension or revocation. |
| Section 550.624 | Section | Effect of act; scope of act. |