Michigan Laws 500.108 – Authorized, unauthorized insurer; definitions
Current as of: 2024 | Check for updates
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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.
Terms Used In Michigan Laws 500.108
- Commissioner: means the director. See Michigan Laws 500.102
- Insurer: means an individual, corporation, association, partnership, reciprocal exchange, inter-insurer, Lloyds organization, fraternal benefit society, or other legal entity, engaged or attempting to engage in the business of making insurance or surety contracts. See Michigan Laws 500.106
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
(2) “Unauthorized” insurer means an insurer not so authorized to transact insurance in this state.