Sec. 1451. As used in this chapter, "producer" means an insurance agent or any other person, firm, association, or corporation, when, for any compensation, commission, or other thing of value, the person, firm, association, or corporation acts or aids in any manner in soliciting, negotiating, or procuring the making of an insurance contract on behalf of an insured other than the person, firm, association, or corporation.
Mich. Comp. Laws § 500.1451
“Producer” defined
Applied in 1 court decision — leading case Prime Rate Premium Finance Corp. v. Larson (2016)
Most recently applied in Prime Rate Premium Finance Corp. v. Larson (December 2016)
Add. 1994, Act 227, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.