Michigan § 500.2923 - Agents writing insurance on behalf of pool; commissions; losses.
Full text of Michigan Michigan Compiled Laws § 500.2923 — Agents writing insurance on behalf of pool; commissions; losses., with citation guidance and answers to common questions.
§ 500.2923. Agents writing insurance on behalf of pool; commissions; losses.
The pool, by its plan of operation, may provide that any agent licensed to write a kind of insurance included in the definition of basic property insurance or home insurance set forth in section 2901 on behalf of any participating member, may write that kind of insurance on behalf of the pool without obtaining an additional license to represent the pool.
The pool, as part of its plan of operation, shall adopt reasonable and adequate commissions to be paid to agents who write and service policies on behalf of the pool.
Losses incurred by an agent relative to policies written under the provisions of this chapter shall not be used by an insurer in determining the loss ratio of its agents.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.2923
What does Michigan Compiled Laws § 500.2923 cover?
Section 500.2923 ("Agents writing insurance on behalf of pool; commissions; losses.") 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 § 500.2923?
A common citation format is "Michigan Compiled Laws § 500.2923" (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 § 500.2923 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.