Michigan Laws 500.1913 – Separate account of each transaction; filing certified evidence of transactions
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Terms Used In Michigan Laws 500.1913
- Association: means an association registered under section 1930. See Michigan Laws 500.1903
- Commissioner: means the director. See Michigan Laws 500.102
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Licensee: means a person licensed under this chapter. See Michigan Laws 500.1903
Each surplus lines licensee shall keep a separate account of each transaction entered into pursuant to section 1905. Certified evidence of these transactions in the form and manner prescribed by the commissioner shall be filed periodically with the commissioner, or if designated by the commissioner, with an association.