Michigan Laws 500.1208 – Insurance effected by agent on certain risks; limitation
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Terms Used In Michigan Laws 500.1208
- Insurance: means any of the lines of authority in chapter 6. See Michigan Laws 500.1201
An agent, during any 12-month period, may not effect insurance upon his own property, life or other risk and the property, life or other risk of his employees, employer or business associates, in excess of 15% of the total premium which he effected during that period.