500.108 Authorized, unauthorized insurer; definitions.
67 words·~1 min read·
/mi/chapter-500/500-108A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
500.108 Authorized, unauthorized insurer; definitions.
Sec. 108.
As used in this code:
(1)"Authorized" insurer means an insurer duly authorized, by a subsisting certificate of authority issued by the commissioner, to transact insurance in this state.
(2)"Unauthorized" insurer means an insurer not so authorized to transact insurance in this state.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218
Popular Name: Essential Insurance