Mich. Comp. Laws § 500.1407

Current through Public Act 190 of the 2024 Legislative Session

Section 500.1407 - Bond; errors and omissions policy

The commissioner may require a managing general agent to do both of the following:

(a) Maintain a bond in an amount acceptable to the commissioner for the protection of the insurer.

(b) Maintain an errors and omissions policy.

MCL 500.1407

Add. 1990, Act 350, Eff. 6/1/1991 .