Michigan § 500.407a - Noninsured benefit plan; offering and writing excess loss insurance; definition; authority of insurer not limited.
Full text of Michigan Michigan Compiled Laws § 500.407a — Noninsured benefit plan; offering and writing excess loss insurance; definition; authority of insurer not limited., with citation guidance and answers to common questions.
§ 500.407a. Noninsured benefit plan; offering and writing excess loss insurance; definition; authority of insurer not limited.
An insurer authorized to write insurance described in section 602 or 606 may offer and write specific or aggregate excess loss insurance to a noninsured benefit plan. An insurer that writes excess loss insurance shall comply with the applicable policy rate and form requirements under chapters 22, 24, and 30.
As used in this section, "noninsured benefit plan" means that term as defined in section 5208.
This section does not limit the authority of an insurer authorized to write insurance described in section 624 to offer and write specific or aggregate excess loss insurance to a noninsured benefit plan.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.407a
What does Michigan Compiled Laws § 500.407a cover?
Section 500.407a ("Noninsured benefit plan; offering and writing excess loss insurance; definition; authority of insurer not limited.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 500.407a?
A common citation format is "Michigan Compiled Laws § 500.407a" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 500.407a apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.