Michigan § 500.1916 - Compensation of licensee and licensed resident agent; collection of premiums; effect of premium payment made to agent.
Full text of Michigan Michigan Compiled Laws § 500.1916 — Compensation of licensee and licensed resident agent; collection of premiums; effect of premium payment made to agent., with citation guidance and answers to common questions.
§ 500.1916. Compensation of licensee and licensed resident agent; collection of premiums; effect of premium payment made to agent.
A licensee may be compensated by an unauthorized insurer and the licensee may compensate a licensed resident agent in this state for obtaining surplus lines insurance business. The licensed resident agent authorized by the licensee may collect a premium on behalf of a surplus lines licensee and, as between the insured and the licensee, the licensee shall be considered to have received the premium if the premium payment has been made to the agent.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.1916
What does Michigan Compiled Laws § 500.1916 cover?
Section 500.1916 ("Compensation of licensee and licensed resident agent; collection of premiums; effect of premium payment made to agent.") 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 § 500.1916?
A common citation format is "Michigan Compiled Laws § 500.1916" (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 § 500.1916 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.