Michigan Code — INSURANCE.CODE.OF.1956
Browse 1,672 sections in division INSURANCE.CODE.OF.1956 of the Michigan code. Each section page includes the full statutory text, official source links, and citation guidance.
Sections (showing up to 300)
- § 500.100. Insurance code of 1956; short title.
- § 500.102. Definitions.
- § 500.103. “Revenue commissioner” defined.
- § 500.106. "Health maintenance organization" and "insurer" defined.
- § 500.108. Authorized, unauthorized insurer; definitions.
- § 500.110. Domestic, foreign, alien; definitions.
- § 500.114. Person; definition.
- § 500.115. Definitions.
- § 500.116. Additional definitions.
- § 500.118. Treatment of alien insurer as foreign insurer.
- § 500.120. Insurance, surety, or health maintenance organization transactions; compliance with act.
- § 500.121. Surety; rights; remedies; relief.
- § 500.122. Applicability of Michigan antitrust reform act.
- § 500.124. Exceptions.
- § 500.125. Service contract not subject to act; "consumer product" and "service contract" defined.
- § 500.126. Waiver of customer liability agreement; definitions.
- § 500.127. Guaranteed asset protection waiver; certificate of authority or license not required; issuance not construed as insurance; definitions.
- § 500.128. Additional exceptions.
- § 500.129. Medical retainer agreement not subject to act.
- § 500.130. Peer-to-peer car sharing program; shared vehicle; insured interest.
- § 500.132. Saving clause; incumbent officers.
- § 500.134. Validity of certificate of authority or license in force prior to January 1, 1957; validity of plan of operation and premium or assessment; association or facility not state agency and money thereof not state money; records exempt from disclosure; premium or assessment not burden under MCL 500.476a; “association or facility” defined.
- § 500.140. Saving clause; existence of domestic insurer continued.
- § 500.150. Violation of act; hearing; order of director; penalties; court order.
- § 500.200. Insurance department; establishment.
- § 500.202. Insurance commissioner; qualifications, office, term, appointment, approval, vacancy.
- § 500.204. Insurance commissioner; salary; oath; bond.
- § 500.205. Commissioner; powers.
- § 500.206. Insurance commissioner; seal, approval, renewal.
- § 500.208. Office of financial and insurance services; offices; expense; audit.
- § 500.210. Insurance commissioner; regulatory powers.
- § 500.212. Deputies, chief clerk and accountant, examiners, clerks, actuaries, and other assistants; oath; powers and duties; hearings; rights of parties; revocation of appointments, designations, and delegations of authority; compensation.
- § 500.214. Commissioner; immunity from civil liability; conditions.
- § 500.216. Insurance commissioner and employees; traveling and other expenses.
- § 500.220. Insurance commissioner and employees; service fees, prohibited gifts.
- § 500.221. Insurance compliance self-evaluative audit document; privilege; disclosure; exceptions; definitions.
- § 500.222. Examination of insurers; examination report; hearing; public inspection; disclosure of confidential information; effect of current examination; director's authority to terminate or suspend examination not limited; limitation on foreign insurer examination.
- § 500.223. Application for certificate of authority; fee; withdrawal of application; reapplication fee; disposition.
- § 500.224. Examinations and investigations of insurers; expenses; statement to insurers; employment of expert personnel; regulatory fees; expense of administering delinquency proceeding; definitions.
- § 500.224a. Report relating to regulatory fees.
- § 500.225. Insurance bureau fund; creation; deposit of fees; reversion to general fund; use of fund.
- § 500.225a. Contract for services, supplies, and materials.
- § 500.226. Disclosure of confidential information; penalty.
- § 500.228. Examinations and investigations of insurers; report of crimes to attorney general.
- § 500.230. Recovery of penalty; disposition of funds.
- § 500.234. Insurance department; records of office; public inspection, exceptions, destruction, rules and regulations.
- § 500.238. Insurance commissioner; annual report to governor, contents, publication.
- § 500.240. Fees and charges; collection, payment, and disposition.
- § 500.244. Judicial review.
- § 500.248. Violations of act; actions; perjury.
- § 500.249. Insurance commissioner; investigations of agents, adjusters, counselors, managers, promoters, officers and directors.
- § 500.249a. Fingerprints required; costs; providing criminal history records.
- § 500.250. Insurers; stock transfer; officers or directors; appointment; notice to director; grounds for removal; hearing; order; civil immunity; review; "insurer" defined.
- § 500.251. Cease and desist order.
- § 500.261. Internet website; publication of changes and rights regarding automobile insurance in this state; reporting of fraud and unfair practices.
- § 500.271. Report to legislature on the effect of the limits imposed on charges for products, services, and accommodations under MCL 500.3157.
- § 500.402. Insurers; certificate of authority requirement.
- § 500.402a. Transactions of insurance requiring certificate of authority.
- § 500.402b. Transactions of insurance not requiring certificate of authority.
- § 500.402c. Motor vehicle rental company; insurance transaction; definitions.
- § 500.403. Insurers; authorization to do business.
- § 500.404. Insurers; financial conditions; compliance required.
- § 500.405. Foreign insurer; revocation of certificate of authority; conditions; requalification for certificate of authority if control acquired; determination.
- § 500.405a. Insurer subject to delinquency proceedings; revocation of certificate of authority; conditions.
- § 500.405b. Requalification pursuant to MCL 500.405 or 500.405a; formal review.
- § 500.406. Foreign insurer; limitation on corporate purposes and powers; election of statute; denial of admission or authority; continuation of license to transact insurance business previously authorized; exception.
- § 500.407. Authorization to transact kinds of insurance; exceptions.
- § 500.407a. Noninsured benefit plan; offering and writing excess loss insurance; definition; authority of insurer not limited.
- § 500.408. Insurers; capital, surplus, or asset requirement; schedule; multiple lines; provisions for transacting certain insurance; applicability of section; compliance with MCL 500.403.
- § 500.410. Minimum amount of unimpaired capital and surplus; minimum amount and use of additional surplus; transacting life insurance or property insurance; continuing to transact insurance; transacting legal expense insurance; compliance with MCL 500.403.
- § 500.410a. Bail bond surety and fidelity insurance company; authority to transact insurance.
- § 500.411. Deposits required to transact insurance.
- § 500.412. Procedure for becoming domestic insurer.
- § 500.413. Transfer of domicile of domestic insurer to another state; effect of transfer; approval of transfer; “U.S. branch” defined.
- § 500.414. Certificate of authority, agent's appointments, licenses, rates, and other items of transferring insurer continue in full force and effect; outstanding policies remain in full force and effect; filing new or existing policy forms; notice of proposed transfer; filing amendments to corporate documents.
- § 500.415. Rules.
- § 500.416. Special deposit.
- § 500.418. Identification of payers subject to child support arrearages; "title IV-D agency" defined.
- § 500.424. Admission of foreign or alien insurer to state; application; report of financial standing; issuance of certificate of authority; filing fees.
- § 500.431. Definitions.
- § 500.431a. State of entry by alien insurer through U.S. branch; requirements.
- § 500.431b. U.S. branch using state as state of entry to transact insurance; compliance.
- § 500.431c. Trusteed assets; value.
- § 500.432. Trust agreement and amendments; authentication; withdrawal of approval; form; hearing; modifications or variations; contents and provisions of trust agreement; withdrawal of trusteed assets in another state; notice; examination by commissioner; effect of refusal or neglect to comply with subsection (8); review.
- § 500.432a. Certificate of authority to do business; issuance or amendment to U.S. branch; proof that insurer will not violate act or charter; noncompliance.
- § 500.433. Trusteed assets below minimum required; proceeding against alien insurer.
- § 500.435. Certificate of authority as evidence of authority to transact insurance; duration of certificate; certificate as property of state; prerequisites to termination of certificate.
- § 500.436. Conditions for suspension, revocation, or limitation of certificate of authority; "insurer" defined.
- § 500.436a. Continuing operation of insurer transacting insurance in state or nonprofit dental corporation operating under MCL 550.351 to 550.373; standards; subscription to private rating organization not required; determination of financial condition; issuance of order by director; hearing requested by insurer.
- § 500.436b. Certificate of authority limited by order of commissioner.
- § 500.437. Proceeding for suspension, revocation, or limitation of certificate of authority; notice; imposition of conditions in order of limitation.
- § 500.438. Annual statement; filing; extensions; format and content; reply to inquiries; availability of report to public; penalty for failure to file statement or reply to inquiry; statement of alien insurer; "U.S. branch" defined.
- § 500.438a. Domestic, foreign, and alien insurers; filing annual statement with national association of insurance commissioners; foreign insurers considered in compliance with section; agents of commissioner; confidentiality of information.
- § 500.440a. Credit against tax imposed by MCL 500.476a; claim; refund; retroactive application.
- § 500.443. Foreign insurer; payment of quarterly installments of estimated tax; filing statement with revenue commissioner.
- § 500.444. Collection of delinquent taxes with interest or penalty.
- § 500.445. Delinquency as bar to granting certificate of authority.
- § 500.451. Taxes on unauthorized insurers; regulatory fee; payment; delinquency.
- § 500.454. Name of insurer.
- § 500.456. Legal process served on resident agent effective as personal service on company, association, or group; stipulation; filing copy of appointment; fee; duration of appointment; service of process.
- § 500.460. Insurance producer to write or place insurance policies.
- § 500.462. Signature of insurance producer on application for life or disability insurance.
- § 500.464. Additional deposits by domestic insurers.
- § 500.476a. Alien or foreign insurers; deposit of securities or making certain payments; computation; revocation of certificate of authority; purpose of section; domestic insurer owned or controlled by alien or foreign insurer; domestic insurer as alien or foreign insurer; compliance; taxes subject to MCL 208.1243 and 206.643; administration of tax; disclosure of tax return; housing opportunity tax credit.
- § 500.476b. Taxes to which authorized insurer subject.
- § 500.478. NAIC report of activities.
- § 500.479. Imposition of fee by NAIC.
- § 500.480. Definitions.
- § 500.501. Scope of chapter.
- § 500.503. Definitions.
- § 500.505. Notice and opt out requirements.
- § 500.507. Privacy policies and practices; notice.
- § 500.509. Customer relationship; time of establishment; continuing relationship; revised privacy notice for new insurance product or service.
- § 500.511. Initial notice; conditions; delivery.
- § 500.513. Annual notice required; “annually” defined; exception.
- § 500.515. Initial, annual, and revised notices; information required; disclosure of nonpublic personal financial information.
- § 500.517. Initial notice requirements for consumer not a customer; short-form initial notice; delivery.
- § 500.519. Opt out notice; requirements.
- § 500.521. Opt out notice to joint consumers.
- § 500.523. Consumer's opt out direction; compliance requirements.
- § 500.525. Disclosure of nonpublic personal financial information to nonaffiliated third party.
- § 500.527. Receipt of notice.
- § 500.529. Disclosure of nonprofit personal financial information to nonaffiliated third party; reasonable opportunity; opt out notice.
- § 500.531. Receipt of nonpublic personal financial information from nonaffiliated financial institution; limitation on disclosure.
- § 500.533. Disclosure of policy or account number.
- § 500.535. Applicability of opt out requirements in MCL 500.519 and 500.529; “joint agreement” defined.
- § 500.537. Applicability of MCL 500.507(1)(c), 500.519, 500.529, and 500.535; “necessary to effect, administer, or enforce a transaction” defined.
- § 500.539. Applicability of MCL 500.507(1)(c), 500.519, 500.529, and 500.535.
- § 500.540. Use or disclosure of nonpublic personal financial information by certain associations or facilities.
- § 500.541. Operation of fair credit reporting act; construction of chapter.
- § 500.543. Consumer opting out from disclosure; discrimination prohibited.
- § 500.545. Contract of licensee with nonaffiliated third party; effect of agreement entered before or on July 1, 2000.
- § 500.547. Protection of customer records and information; adoption of guidelines for administrative, technical, and physical safeguards.
- § 500.550. Private cause of action not created; exclusive standards.
- § 500.553. Definitions.
- § 500.555. Comprehensive written information security program; requirements; duties of licensee and board of directors; third-party service provider; incident response plan; certification of compliance.
- § 500.557. Occurrence of cybersecurity event; investigation; maintenance of records.
- § 500.559. Notification of cybersecurity event involving nonpublic information; duty to update and supplement notifications to director; contents; application to third-party service provider; duties of ceding insurers with direct contractual relationship.
- § 500.561. Notice of cybersecurity event to residents of this state; conditions and requirements; duties of licensee; substitute notice; notification to certain consumer reporting agencies; exception; compliance with health insurance portability and accountability act considered compliance with section; notice with intent to defraud; misdemeanor; penalty; failure to provide notice; civil fine; aggregate liability; applicability of section; definitions.
- § 500.563. Confidentiality; use of documents, materials, or other information; duties of director.
- § 500.565. Exemption for certain licensees; timeline for implementation and compliance.
- § 500.600. Insurance; definitions applicable.
- § 500.602. “Life” insurance, “transaction of life insurance,” and “life insurance companies” defined.
- § 500.603. Definitions; accelerated benefits; acknowledgment; disclosures; waiver of premium; qualifying event; powers of insurer; pro rata reduction in cash value; actuarial memorandum; policy reserves.
- § 500.606. Disability insurance; definition.
- § 500.607. Group disability insurance; definition.
- § 500.608. "Health insurance" and "health insurance policy" defined.
- § 500.610. Property insurance; definition.
- § 500.614. Marine insurance; definition.
- § 500.616. Inland navigation and transportation insurance; definition.
- § 500.618. “Legal expense insurance” defined.
- § 500.620. Automobile insurance (limited); definition.
- § 500.624. “Casualty” defined; combination with property insurance.
- § 500.625. Automobile passenger and liability coverage; expense or disability coverage included.
- § 500.628. Surety and fidelity insurance; definition.
- § 500.632. Insurers; nonprofit dental care corporation; reinsurance; authorization.
- § 500.640. Insurers; limitation of risk; exceptions; "title insurance" and "title insurer" defined.
- § 500.644. Life, disability, and loss of position insurers; limit of risk.
- § 500.701. Definitions.
- § 500.702. Health insurance reserves; determination of adequacy; basis.
- § 500.703. Claim reserves and claim expense reserves required; conditions; testing for adequacy and reasonableness.
- § 500.705. Disability income claim reserves; maximum interest rate; morbidity standards specified in rules; exception; group disability income claim reserves; duration from date of disablement 2 years or more but less than 5 years; basis; request for modification plan approval; elimination period; measurement of disablement duration.
- § 500.707. Health insurance benefits other than disability income; claim reserves maximum interest rate; basis of claim reserve.
- § 500.709. Estimation of claim liabilities; methods.
- § 500.711. Unearned premium reserves; treatment of premiums due and unpaid; discount of certain gross premiums paid in advance.
- § 500.713. Minimum unearned premium reserve; basis; sum of unearned premium and contract reserves; limitation.
- § 500.715. Premium reserves; computation.
- § 500.717. Contract reserves; required for certain policies and certificates; exception; addition to claim and premium reserves; methods and procedures; date of incurral defined.
- § 500.719. Morbidity standards; rules; structure of valuation net premiums; valuation of health insurance policies and certificates for which tabular morbidity standards not specified; maximum interest rate for contract reserves; termination rates; adjustment of morbidity standard on aggregate basis; minimum reserve; application of certain reserve adjustments; offset of negative reserves against positive reserves; total contract reserve not less than zero.
- § 500.721. Application of alternative method or basis to contract reserve; assumptions; methods to determine sound value of liabilities.
- § 500.723. Tabular reserves; annual review; increments; restriction of future gross premiums; establishment of contract reserves for insufficiency in aggregate.
- § 500.725. Reinsurance; determination of increases to, or credit against, reserves.
- § 500.729. Individual insurance policies; minimum morbidity standards for disability income benefits; basis of contract reserve standards for certain hospital, surgical, and maternity benefits; basis of contract reserve standards for certain cancer expense benefits and accidental death benefits.
- § 500.731. Disability benefits for group health insurance certificates; minimum morbidity standards.
- § 500.733. Maximum interest rates.
- § 500.735. Mortality basis; use of other mortality tables; request for approval.
- § 500.737. Rules.
- § 500.808. Stock or mutual insurers; unearned premium reserves, pro rata basis, computation.
- § 500.810. Reserves; computation; additional reserves; plan to restore compliance; effect of noncompliance; examination of reserve practices and investment incomes.
- § 500.814. Certification of loss reserves.
- § 500.814a. Statement of actuarial opinion; filing requirements; confidentiality; Michigan automobile insurance placement facility not property and casualty insurer.
- § 500.815. Computation of unearned premium reserve on mortgage guaranty insurance.
- § 500.815a. Establishment of contingency reserve by mortgage guaranty insurer.
- § 500.830. Life insurance policies and annuity and pure endowment contracts; life insurance contracts, annuity and pure endowment contracts, accident and health contracts, and deposit-type contracts; annual valuation of reserves; limitation; valuation fee; adopting lower standard of valuation; valuation of business of foreign cooperative or assessment insurer; definitions.
- § 500.830a. Life insurance; actuarial opinion; form; submission to director; liability of actuary; “qualified actuary” defined; limitation; public hearing; company with outstanding life insurance contracts, accident and health insurance contracts, or deposit-type contracts; actuarial opinion; requirements; definitions.
- § 500.831. Domestic insurer's business in foreign country; variance of mortality standard.
- § 500.832. Valuation of life insurance policies and contracts issued before operative date of standard nonforfeiture law.
- § 500.834. Valuation of life insurance policies and contracts issued on and after operative date of standard nonforfeiture law; minimum standard; reserves; definitions.
- § 500.835. Valuation of individual annuity and pure endowment contracts; minimum standard; notice of election to invoke section; failure to make election; definitions.
- § 500.835a. Individual annuity and pure endowment contracts purchased after December 31, 2014; annuities and pure endowments purchased after December 31, 2014 under group annuity and pure endowment contracts; valuation; tables and interest rates; definitions.
- § 500.836. Calendar year statutory valuation interest rates; use; determination; weighting factors; “reference interest rate” defined; alternative method for determination of reference interest rate; changes to policy or contract forms; computing reference interest rate for calendar year 1986.
- § 500.836a. Valuation of disability plans and contracts issued before date of valuation manual; regulations; accidental and health insurance contracts; definitions.
- § 500.836b. Valuation manual; establishment of reserves using principle-based valuation; duties of company; confidential information; definitions.
- § 500.837. Definitions; valuation requirements for universal life insurance policies.
- § 500.838. Definitions; use of NAIC accounting practices and procedures manual; mortality table; separate rates for smokers and nonsmokers; determining minimum reserve liabilities, minimum cash surrender values, and amounts of paid-up nonforfeiture benefits; actuarial opinion; application of accounting practices and procedural manual; rates and charges based on gender; blended tables; basis as sex-distinct and sex-neutral.
- § 500.838a. Definitions; 2001 CSO preferred class structure mortality table.
- § 500.839. Capital notes.
- § 500.841. Valuation of certain bonds or other evidences of debt.
- § 500.842. Valuation of certain securities, stocks, or shares.
- § 500.901. Asset requirements for insurers.
- § 500.902. Investments by domestic insurer; amount in qualified asset required; definition.
- § 500.910. Certificates of deposit or depository receipts; construction as deposits of cash.
- § 500.912. Qualified assets; description; limitation on governmental securities.
- § 500.914. Qualified assets as guaranteed interest bonds.
- § 500.916. Qualified assets as federal financing agency stock.
- § 500.917. Mortgage-backed securities; certain securities described in secondary mortgage market enhancement act of 1984 subject to limitations; definition.
- § 500.917a. Definitions; asset-backed securities.
- § 500.918. Qualified assets by solvent institution; authorization; mortgage loans; equipment trust certificates; fixed interest bearing obligations.
- § 500.920. Net earnings available for fixed charges; definition.
- § 500.922. Qualified assets in stocks, bonds, or evidences of corporate indebtedness; authorization.
- § 500.924. Qualified assets in preferred stock; conditions.
- § 500.925. Application of amounts paid life insurer to purchase of retirement benefits; income, gains, or losses on accounts; limitations on charges and deductions; investment or amounts allocated; standards; “contract on a variable basis” defined; compliance with investment company act of 1940; identification of investments and liabilities; “investment company act of 1940” defined; rules.
- § 500.932. Qualified assets in shares of savings and loan associations.
- § 500.934. Qualified assets in farm loan bonds, intermediate credit bank loans, central bank for cooperatives, home loan banks, federal savings and loan insurance corporation obligations; authorization.
- § 500.938. Qualified assets.
- § 500.942. Qualified assets in real estate loans; purchase of loan or certificate of participation.
- § 500.943. Qualified assets; derivative instruments and transactions.
- § 500.944. Accounts receivable; includable as qualified assets.
- § 500.946. Home office, lands, and buildings; includable as qualified assets.
- § 500.947. Income producing real estate and housing projects; includable as qualified assets.
- § 500.1001. Definitions.
- § 500.1003. Nonapplicability of chapter.
- § 500.1005. Insurer; annual audit; filing date; extensions; designation of audit committee.
- § 500.1007. Annual audited financial report; contents; form; conduct of examination by independent public accountant.
- § 500.1009. Insurer required to file annual audited report; registration of insurer's independent public accountant; letter required; dismissal or resignation of independent public accountant; notice; report of disagreement; responsive letter.
- § 500.1010. Recognition of person or firm as independent public accountant; mediation or arbitration of disputes; limitation on period of service; relief from rotation requirement; restrictions; hearing; ruling by commissioner; exemption from subsection (7); nonaudit services; preapproval; waiver; independent public accountant not recognized as qualified; condition; relief from subsection (14).
- § 500.1011. Audited consolidated or combined financial statements; application for filing; work sheet.
- § 500.1015. Independent public accountant; reporting determination that insurer materially misstated financial condition or does not meet requirements of MCL 500.408 or MCL 500.410; liability; action to be taken after date of audited financial report.
- § 500.1017. Independent public accountant; communicating unremediated material weaknesses; description.
- § 500.1019. Independent public accountant; filing letter with annual audited financial report; contents.
- § 500.1021. Work papers; availability; retention; review as investigation; use.
- § 500.1023. Compliance with chapter; exemption; filing reports on other than calendar year basis; compliance by domestic insurers; schedule; compliance by foreign insurers.
- § 500.1025. Canadian and British insurers; annual audited financial report; contents of independent public accountant's letter.
- § 500.1027. Applicability of section to domestic insurer not SOX compliant entity; duties of audit committee; member of audit committee as independent; election of controlling person; report by accountant; reports provided on aggregate basis; structure of audit committee; waiver from section based on hardship; effective date of section; "direct written and assumed premiums" defined.
- § 500.1028. Internal audit function; exemption; confidentiality; report to audit committee.
- § 500.1029. Director or officer of insurer; prohibited conduct.
- § 500.1031. Report of insurer's or group of insurers' internal control over financial reporting; requirements.
- § 500.1033. Exemption from any or all provisions of chapter.
- § 500.1101. “Qualified United States financial institution” defined.
- § 500.1103. Credit for reinsurance as asset or reduction from liability; accredited reinsurer; trust fund; requirements; report to director; certified reinsurer requirements; obligation to arbitrate; trust agreement; list of reciprocal jurisdictions; suspension or revocation; hearing; recoverable assets; diversification; member of catastrophic claims association; definitions.
- § 500.1105. Reduction from liability by ceding insurer to assuming insurer not meeting requirements of MCL 500.1103; security.
- § 500.1106. Rules.
- § 500.1121. Applicability of MCL 500.1123 to 500.1127 to certain insurers.
- § 500.1123. Reinsurance agreement; conditions prohibiting reduction in liability or establishment of asset; approval of commissioner; filing agreements.
- § 500.1125. Reinsurance agreement; use; execution; “reasonable period of time” defined; provisions; assumption of obligations by life and health insurance guaranty association.
- § 500.1127. Reinsurance agreements; reduction to zero of certain reserve credits or assets.
- § 500.1151. Definitions.
- § 500.1153. Person acting as reinsurance intermediary-broker; bond; license; nonresident; service of process; refusal to issue license.
- § 500.1155. Transactions between reinsurance intermediary-broker and insurer; authorization.
- § 500.1157. Record of transaction.
- § 500.1159. Person acting as reinsurance-broker; license required; employment of individual employed by reinsurance intermediary-broker; annual copy of statements of financial condition.
- § 500.1161. Transactions between reinsurance intermediary-manager and reinsurer; contract.
- § 500.1163. Reinsurance intermediary-manager; prohibited conduct.
- § 500.1165. Reinsurance intermediary-manager; license required; obtaining annual copy of statement of financial condition and opinion of actuary; authority for retrocessional contracts or participation in reinsurance syndicates; termination of contract; appointment to board of directors.
- § 500.1167. Reinsurance intermediary and reinsurance intermediary-manager; examination of books, bank accounts, and records.
- § 500.1169. Violation; penalties.
- § 500.1171. Reinsurance intermediary; use of services.
- § 500.1200. “Good moral character” defined.
- § 500.1201. Definitions.
- § 500.1201a. Sale, solicitation, or negotiation of insurance; license required; applicability to excess and surplus lines agents and brokers.
- § 500.1202. Insurance producer license; definitions.
- § 500.1203. Authority of insurance producer for fraternal benefit society; authority of attorney-in-fact of reciprocal or inter-insurance exchange.
- § 500.1204. Applicant for insurance producer license; examination; registered program of study; waiver of examination or program of study requirements; administration of examinations; fee; reapplication.
- § 500.1204a. 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.
- § 500.1204c. 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.
- § 500.1204d. Continuing education fund; creation; administration; disposition and reversion of funds; funding of shortfall.
- § 500.1204e. Nonresident license applicant; requirements.
- § 500.1204f. Long-term care insurance; requirements for sale, solicitation, or negotiation by individual; delivery or issuance by insurer; 1-time training course; requirements.
- § 500.1205. Resident insurance producer license; filing; application; statement; requirements; business entity; verification of information; limited line credit insurance.
- § 500.1206. Insurance producer license; issuance; qualification in line of insurance; duration; reinstatement; contents of license; change of name or address; ministerial functions.
- § 500.1206a. Nonresident insurance producer license; requirements; verification of status; change of address; nonresident surplus lines insurance producer license; nonresident limited lines insurance producer.
- § 500.1206b. Nonresident insurance producer license; prelicensing education or examination; exemption; application as resident licensee.
- § 500.1206c. Life and health insurance producer examinations; summary of statistical information; report.
- § 500.1207. 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.
- § 500.1208. Insurance effected by agent on certain risks; limitation.
- § 500.1208a. Appointment of producer as agent; notice of appointment; filing; verification of eligibility; fee.
- § 500.1208b. Termination of business relationship with insurance producer; notice to commissioner; format; liability for disclosure of information or statement.
- § 500.1209. 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.
- § 500.1210. Accident and health insurance agent as health benefit agent.
- § 500.1211. Solicitation and collection on behalf of licensed insurance producer; authorization; contract; agent of the insured; agent of the insurer.
- § 500.1211a. Assumed name; use.
- § 500.1211b. Temporary license.
- § 500.1212. Persons acting as solicitors; contract with agent; license; notice of appointment.
- § 500.1214. 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.
- § 500.1216. Solicitor as fiduciary; accounting methods; examination of records; remuneration of person acting as agent or solicitor.
- § 500.1218. Termination of solicitor's authority to represent agent; notice; disclosure; liability of agent.
- § 500.1222. Adjuster's license required; exemptions.
- § 500.1224. 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.
- § 500.1226. Persons aiding adjuster; representation by adjuster; procedure for soliciting loss; schedule of rates; limitation on charges; contract.
- § 500.1227. Conduct of adjuster; prohibitions.
- § 500.1228. Records of adjuster.
- § 500.1232. Insurance counselor; license required; use of designation “certified insurance counselor” or “fraternal insurance counselor”; exceptions.
- § 500.1234. Insurance counselor; application for license; forms; examination; investigations and interrogatories; decision; issuance of license; qualifications.
- § 500.1236. Written agreement between insurance counselor and client.
- § 500.1238. 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.
- § 500.1239. 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.
- § 500.1240. Payment or acceptance of commission, service fee, or valuable consideration.
- § 500.1242. Refusal, suspension, or revocation of license; notice; hearings; summary suspension; subpoenas.
- § 500.1243. Definitions; sale of insurance by lender.
- § 500.1244. 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.