Mich. Comp. Laws § 500.1208

Current through Public Act 35 of the 2024 Legislative Session
Section 500.1208 - Insurance effected by agent on certain risks; limitation

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.

MCL 500.1208

Add. 1972, Act 133, Eff. 3/30/1973 .