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Michigan Legislature
Michigan Compiled Laws Complete Through PA 115 of 2018
House: Adjourned until Tuesday, May 22, 2018 1:30:00 PM
Senate: Adjourned until Tuesday, May 22, 2018 10:00:00 AM

Michigan Legislature

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Section 492.116a

Jump to the first occurrence of "MOTOR VEHICLE SALES FINANCE ACT"

Act 27 of 1950 (Ex. Sess.)

492.116a Unexpired insurance premiums; crediting.

Sec. 16a.

If unexpired insurance premiums received by the seller or holder resulting from the cancellation of insurance which was originally placed by the buyer's expense cannot be used in procuring comparable insurance as in section 16, subsection (g), such unexpired insurance premiums shall be credited to the last maturing installments under the contract.

History: Add. 1954, Act 132, Imd. Eff. Apr. 23, 1954

© 2017 Legislative Council, State of Michigan

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