Main Content Act 217 of 1969 friendly link printer friendly bills affecting mcl index link Search within this Statute for INSURANCE ON FINANCED MOTOR VEHICLESAct 217 of 1969AN ACT to enable consumers to protect their insurable interest in motor vehicles in relation to the motor vehicle sales finance act. History: 1969, Act 217, Eff. Mar. 20, 1970 The People of the State of Michigan enact: DocumentTypeDescription Section 492.151SectionInstallment sale contract; prepayment of time balance prior to insurance coverage expiration; notice to insurer; payment of unearned insurance premiums.