Section 500.1507 - Insurance commissioner; regulatory powers.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.1507 Insurance commissioner; regulatory powers.
Sec. 1507.
The commissioner may make and enforce such reasonable rules and regulations as may be necessary in making effective the provisions of this chapter, but such rules and regulations shall not be contrary to nor inconsistent with the provisions of this chapter. The rules shall be promulgated in accordance with the provisions of Act No. 88 of the Public Acts of 1943, as amended, being sections 24.71 to 24.80 of the Compiled Laws of 1948, and subject to Act No. 197 of the Public Acts of 1952, as amended, being sections 24.101 to 24.110 of the Compiled Laws of 1948.
History: Add. 1968, Act 352, Eff. Nov. 15, 1968
Popular Name: Act 218