Michigan § 500.2017 - Unfair methods of competition or deception; illegal inducements.
Full text of Michigan Michigan Compiled Laws § 500.2017 — Unfair methods of competition or deception; illegal inducements., with citation guidance and answers to common questions.
§ 500.2017. Unfair methods of competition or deception; illegal inducements.
The following are defined as unfair methods of competition and unfair and deceptive acts or practices in the business of insurance:
Issuing or delivering or permitting agents, officers, or employees to issue or deliver, agency company stock or other capital stock, or benefit certificates or shares in any common law corporation, or securities or any special or advisory board contracts or other contracts of any kind promising returns and profits as an inducement to insurance.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.2017
What does Michigan Compiled Laws § 500.2017 cover?
Section 500.2017 ("Unfair methods of competition or deception; illegal inducements.") 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 § 500.2017?
A common citation format is "Michigan Compiled Laws § 500.2017" (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 § 500.2017 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.