Michigan § 500.1601 - Insurer or producer transacting creditor-placed insurance; scope.
Full text of Michigan Michigan Compiled Laws § 500.1601 — Insurer or producer transacting creditor-placed insurance; scope., with citation guidance and answers to common questions.
§ 500.1601. Insurer or producer transacting creditor-placed insurance; scope.
This chapter applies to an insurer or producer transacting creditor-placed insurance as defined in this chapter.
All creditor-placed insurance written in connection with credit transactions for personal, family, or household purposes is subject to the provisions of this chapter, except for the following:
Transactions involving extensions of credit primarily for business or commercial purposes.
Insurance on collateralized real property.
Insurance offered by the creditor and elected by the debtor at the debtor's option.
Insurance for which no specific charge is made to the debtor or the debtor's account.
Blanket insurance, whether paid for by the debtor or the creditor.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.1601
What does Michigan Compiled Laws § 500.1601 cover?
Section 500.1601 ("Insurer or producer transacting creditor-placed insurance; scope.") 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 § 500.1601?
A common citation format is "Michigan Compiled Laws § 500.1601" (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 § 500.1601 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.