500.2161 Use of credit information or insurance scores; liability, fees, and costs arising out of actions, errors, or omissions.
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/mi/chapter-500/500-2161A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
500.2161 Use of credit information or insurance scores; liability, fees, and costs arising out of actions, errors, or omissions.
Sec. 2161.
An insurer shall indemnify, defend, and hold harmless producers from and against all liability, fees, and costs arising out of or relating to the actions, errors, or omissions of a producer resulting from the use of credit information or insurance scores for the insurer, provided that the producer follows the procedures and instructions established by the insurer and complies with all applicable laws and regulations.
History: Add. 2012, Act 205 , Eff. Mar. 28, 2013
Popular Name: Act 218