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Michigan Compiled Laws Complete Through PA 578 of 2018
House: Adjourned until Tuesday, March 19, 2019 1:30:00 PM
Senate: Adjourned until Tuesday, March 19, 2019 10:00:00 AM

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Act 143 of 1935
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OFFICE AGENT; SET-OFF FOR DAMAGES

Act 143 of 1935

AN ACT relative to the payment of the unpaid balance owed by an insurance agent to an insurance company taken over by the commissioner of insurance or in the hands of a receiver; to authorize as a set-off thereof damages incurred to the business of any such agent on account of the taking over by the commissioner of insurance of such insurance company, or of the placing of same into the hands of a receiver; and to declare the effect of this act.


History: 1935, Act 143, Imd. Eff. June 4, 1935
Compiler's Notes: For transfer of the Department of Insurance and Office of the Commissioner on Insurance from the Department of Licensing and Regulation to the Department of Commerce, see E.R.O. No. 1991-9, compiled at MCL 338.3501 of the Michigan Compiled Laws.


© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
Section 550.231SectionOffice agent of insurance company taken over by insurance commissioner or receiver; off-set for damages.
Section 550.232SectionApplicability of act.
Section 550.233SectionConstruction of act.
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