Sec. 402a. In this state, the following transactions of insurance, whether effected by mail or otherwise, require a certificate of authority: (a) The issuance or delivery of insurance contracts to residents of this state. (b) The solicitation of applications for insurance contracts from residents of this state. (c) The collection of premiums, membership fees, assessments, or other consideration for insurance contracts from residents of this state. (d) The doing or proposing to do any act in substance equivalent to subdivisions (a) to (c).
Mich. Comp. Laws § 500.402a
Transactions of insurance requiring certificate of authority
Applied in 1 court decision — leading case 749 F. Supp. 800 - Spray v. Unum Life Insurance Co. of America (1989)
Most recently applied in 749 F. Supp. 800 - Spray v. Unum Life Insurance Co. of America (January 1989)
Add. 1967, Act 111, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.