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Statutes > Michigan Statutes > Chapter 500 - INSURANCE CODE OF 1956 > Act 218 of 1956 - THE INSURANCE CODE OF 1956 (500.100 - 500.8302) > 218-1956-16. - CHAPTER 16. Creditor-Placed Insurance (500.1601...500.1631)

218-1956-16. - CHAPTER 16. Creditor-Placed Insurance (500.1601...500.1631)

  • Section 500.1601 - Insurer or producer transacting creditor-placed insurance; scope.
  • Section 500.1603 - Private cause of action not created.
  • Section 500.1605 - Definitions.
  • Section 500.1607 - Dates on which insurance effective or terminated.
  • Section 500.1609 - Premiums; calculation; limitation; charges creating balloon payment prohibited.
  • Section 500.1611 - Exclusions.
  • Section 500.1613 - Evidence of insurance coverage.
  • Section 500.1615 - Policy forms and certificates of insurance; filing; schedule of premium rates; withdrawal of approval.
  • Section 500.1617 - Refund of unearned premium or other charges; statement of refund; amount.
  • Section 500.1619 - Loss incurred; payment; reduced net debt or actual cash value amounts; subrogation; written statement; towing and storage charges.
  • Section 500.1621 - Insurance on collateral; conditions.
  • Section 500.1623 - Rebates or inducements; prohibitions.
  • Section 500.1625 - Adequate disclosure of requirement to maintain insurance; notice; final notice; noncompliance.
  • Section 500.1627 - Investigations or examinations; enforcement; hearing; consent agreement; injunctive relief.
  • Section 500.1629 - Judicial review; court order.
  • Section 500.1631 - Violation of order of commission; penalty.




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