Michigan § 500.1917 - Liability if risk assumed and premium received by licensee.
Full text of Michigan Michigan Compiled Laws § 500.1917 — Liability if risk assumed and premium received by licensee., with citation guidance and answers to common questions.
§ 500.1917. Liability if risk assumed and premium received by licensee.
If an unauthorized insurer has assumed a risk and if the premium for that risk has been received by the licensee who placed the insurance, then as between the insurer and the insured, the insurer shall be considered to have received the premium due to it for the coverage, and shall be liable to the insured for any loss covered by the insurance and for the unearned premium, upon cancellation of the insurance, regardless of whether the licensee is indebted to the insurer.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.1917
What does Michigan Compiled Laws § 500.1917 cover?
Section 500.1917 ("Liability if risk assumed and premium received by licensee.") 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 § 500.1917?
A common citation format is "Michigan Compiled Laws § 500.1917" (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 § 500.1917 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.