™Your Policy Risk Impact Agent
4 chapters · 112 sections in this title.
Mich. Comp. Laws § 493.101 Definitions.
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Sec. 1. As used in this act: (a) "Commissioner" means the director of the department of insurance and financial services or his or her authorized representative. (b) "Licensee" means a person that is licensed under this act. (c) "Person" means an individual, corporation, limited …
Mich. Comp. Laws § 493.102 Credit card arrangement; license required; terms and conditions.
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Sec. 2. (1) Except for a person licensed under the consumer financial services act, a person shall not make or negotiate, or offer to make or negotiate, a credit card arrangement unless that person is licensed as provided in this act. (2) A licensee shall not make or offer to mak…
Mich. Comp. Laws § 493.103 Application for license; oath; form; contents; fees; net worth requirements; rules.
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Sec. 3. (1) An application for a license under this act shall be in writing, under oath, and in the form prescribed by the commissioner. (2) The application shall state the name, residence, and business addresses of the applicant; if the applicant is a partnership or association,…
Mich. Comp. Laws § 493.104 Investigation; finding; issuance of license; refusal to issue license; expiration of license.
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Sec. 4. (1) Upon the filing of an application and the payment of the required fees, the commissioner shall investigate the facts. If the commissioner finds that the financial responsibility, experience, character, and general fitness of the applicant, and of the applicant's membe…