Michigan § 500.204 - Insurance commissioner; salary; oath; bond.
Full text of Michigan Michigan Compiled Laws § 500.204 — Insurance commissioner; salary; oath; bond., with citation guidance and answers to common questions.
§ 500.204. Insurance commissioner; salary; oath; bond.
The commissioner shall receive an annual salary as the legislature shall appropriate, payable as other state officers are paid under the accounting laws of the state. Within 15 days from the time of notice of his or her appointment, the commissioner shall take and subscribe the constitutional oath of office and file the oath in the office of the secretary of state, and shall also within the same period give to the people of the state of Michigan a bond in the penal sum of $50,000.00, with sureties to be approved by the state treasurer, conditioned for the faithful discharge of the duties of his or her office.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.204
What does Michigan Compiled Laws § 500.204 cover?
Section 500.204 ("Insurance commissioner; salary; oath; bond.") 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 § 500.204?
A common citation format is "Michigan Compiled Laws § 500.204" (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 § 500.204 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.