Mich. Comp. Laws § 492.116a
Current through Public Act 39 of the 2024 Legislative Session
If unexpired insurance premiums received by the seller or holder resulting from the cancellation of insurance which was originally placed by the buyer's expense cannot be used in procuring comparable insurance as in section 16, subsection (g), such unexpired insurance premiums shall be credited to the last maturing installments under the contract.
MCL 492.116a