Michigan § 492.116a - Unexpired insurance premiums; crediting.
Full text of Michigan Michigan Compiled Laws § 492.116a — Unexpired insurance premiums; crediting., with citation guidance and answers to common questions.
§ 492.116a. Unexpired insurance premiums; crediting.
If unexpired insurance premiums received by the seller or holder resulting from the cancellation of insurance which was originally placed by the buyer's expense cannot be used in procuring comparable insurance as in section 16, subsection (g), such unexpired insurance premiums shall be credited to the last maturing installments under the contract.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 492.116a
What does Michigan Compiled Laws § 492.116a cover?
Section 492.116a ("Unexpired insurance premiums; crediting.") 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 § 492.116a?
A common citation format is "Michigan Compiled Laws § 492.116a" (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 § 492.116a 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.