reglab/housing_qa huggingface dataset:
MI Comp L § 500.114 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-1 - Chapter 1 Scope of Code (500.100...500.150)|Section 500.114 - Person; Definition.

500.114 Person; definition. Sec. 114.  "Person" as used in this code includes an individual, insurer, company, association, organization, Lloyds, society, reciprocal or inter-insurance exchange, partnership, syndicate, business trust, corporation, and any other legal entity. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218Popular Name: Essential Insurance
MI Comp L § 500.118 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-1 - Chapter 1 Scope of Code (500.100...500.150)|Section 500.118 - Treatment of Alien Insurer as Foreign Insurer.

500.118 Treatment of alien insurer as foreign insurer. Sec. 118.  If an alien insurer is domiciled in a country other than the United States that has an agreement with the United States whereby each agrees to treat insurers domiciled in the other country the same as insurers domiciled in its own country, the alien insurer may apply for a certificate of authority as a foreign insurer pursuant to section 424. If the certificate of authority as a foreign insurer is granted, the alien insurer shall be treated as a foreign insurer under this act, but only to the extent that the other country and its political subdivisions in which the alien insurer is domiciled actually extend like treatment to insurers domiciled in the United States. History: Add. 1992, Act 182, Imd. Eff. Oct. 1, 1992 Popular Name: Act 218Popular Name: Essential Insurance
MI Comp L § 500.120 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-1 - Chapter 1 Scope of Code (500.100...500.150)|Section 500.120 - Insurance, Surety, or Health Maintenance Organization Transactions; Compliance With Act.

500.120 Insurance, surety, or health maintenance organization transactions; compliance with act.Sec. 120.  A person shall not transact an insurance, surety, or health maintenance organization business in this state, or relative to a subject resident, located or to be performed in this state, without complying with the applicable provisions of this act. History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 2016, Act 276, Imd. Eff. July 1, 2016 Popular Name: Act 218Popular Name: Essential Insurance
MI Comp L § 500.121 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-1 - Chapter 1 Scope of Code (500.100...500.150)|Section 500.121 - Surety; Rights; Remedies; Relief.

500.121 Surety; rights; remedies; relief. Sec. 121.  (1) A person and a surety may agree to deposit any asset that the surety may be held responsible for into a financial institution that is authorized to transact business in this state in such manner as to prevent the withdrawal of the asset or any part of the asset except with the written consent of the surety or an order of the court made on such notice to the person and the surety as the court directs.  (2) A person acting in a fiduciary capacity who is required to obtain a bond may include the cost of obtaining the bond as part of the expense of acting as a fiduciary if allowed by the court to which the fiduciary is required to account and so long as the cost does not exceed 1% annually of the bond amount or an amount otherwise approved by the commissioner. The surety on a bond under this subsection may apply to the court for an order relieving the surety of liability for future acts of the fiduciary. Following notice and a hearing, the court may enter an order discharging the surety from liability arising out of acts or omissions occurring after the date of the order on such terms and conditions as the court considers necessary to protect the fiduciary estate and its beneficiaries.  (3) A person required to furnish a bond may use any surety that holds a certificate of authority issued under this chapter and so long as the amount of the bond is within the surety's risk limitation under section 640.  (4) Upon payment of the obligation secured by the bond, a surety is subrogated to the rights of the party to whom it made payment including any security or priority to which its subrogor was entitled.  (5) The corporate surety on a bond shall be released or discharged from its liability on the same terms and conditions as are applicable to the release or discharge of individual sureties. A surety has all rights, remedies, and relief to which an individual guarantor or indemnitor would be entitled. History: Add. 2001, Act 182, Imd. Eff. Dec. 21, 2001 Popular Name: Act 218Popular Name: Essential Insurance
MI Comp L § 500.122 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-1 - Chapter 1 Scope of Code (500.100...500.150)|Section 500.122 - Applicability of Michigan Antitrust Reform Act.

500.122 Applicability of Michigan antitrust reform act. Sec. 122.  Transactions or conduct authorized, prohibited, or permitted under a regulatory scheme under this code shall not be subject to the Michigan antitrust reform act, Act No. 274 of the Public Acts of 1984, being sections 445.771 to 445.788 of the Michigan Compiled Laws. The fact that a transaction or conduct concerns the business of insurance shall not exempt it from the Michigan antitrust reform act unless the activity has been authorized, prohibited, or permitted under a regulatory scheme under this code. History: Add. 1986, Act 173, Imd. Eff. July 7, 1986 Popular Name: Act 218Popular Name: Essential Insurance
MI Comp L § 500.124 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-1 - Chapter 1 Scope of Code (500.100...500.150)|Section 500.124 - Exceptions.

500.124 Exceptions. Sec. 124.  This code shall not apply to:  (a) Domestic farmers' and other special risk mutual property insurers, as identified in chapter 68, except as stated in chapter 68.  (b) Fraternal benefit societies, except as stated in chapter 81a.  (c) A multiple employer welfare arrangement regulated under chapter 70, except as provided in chapter 70. History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1986, Act 121, Imd. Eff. May 28, 1986 ;-- Am. 1990, Act 1, Eff. Apr. 1, 1990 Popular Name: Act 218Popular Name: Essential Insurance
MI Comp L § 500.125 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-1 - Chapter 1 Scope of Code (500.100...500.150)|Section 500.125 - Service Contract Not Subject to Act; "Consumer Product" and "Service Contract" Defined.

500.125 Service contract not subject to act; "consumer product" and "service contract" defined.Sec. 125.  (1) A service contract is not insurance or the business of insurance and is not subject to this act.  (2) As used in this section:  (a) "Consumer product" means any tangible personal property that is distributed in commerce and is normally used for personal, family, or household purposes, including any tangible personal property intended to be attached to or installed in any real property without regard to whether it is so attached or installed.  (b) "Service contract" means a written contract that is sold for stated consideration for a specific duration that provides any of the following:  (i) To perform or provide reimbursement for the repair, replacement, or maintenance of a consumer product because of the operational or structural failure of the consumer product due to a defect in materials or workmanship; accidental damage from handling, power surge, or interruption; or normal wear and tear, with or without additional provisions for incidental payment of indemnity under limited circumstances, including, but not limited to, towing, rental, and emergency road service.  (ii) The repair or replacement or indemnification for the repair or replacement of a motor vehicle for the operational or structural failure of 1 or more parts or systems of the motor vehicle brought about by the failure of an additive product to perform as represented.  (iii) The repair or replacement of tires or wheels on a motor vehicle damaged as a result of coming into contact with road hazards, including, but not limited to, potholes, rocks, wood debris, metal parts, glass, plastic, curbs, or composite scraps.  (iv) The removal of dents, dings, or creases on a motor vehicle that can be repaired using the process of paintless dent removal without affecting the existing paint finish and without replacing vehicle body panels, sanding, bonding, or painting.  (v) The repair of small motor vehicle windshield chips or cracks, or if a windshield cannot be repaired, the replacement of the windshield.  (vi) The replacement of an inoperable, lost, or stolen motor vehicle key or key fob. History: Add. 2014, Act 110, Imd. Eff. Apr. 10, 2014 Popular Name: Act 218Popular Name: Essential Insurance
MI Comp L § 500.126 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-1 - Chapter 1 Scope of Code (500.100...500.150)|Section 500.126 - Waiver of Customer Liability Agreement; Definitions.

500.126 Waiver of customer liability agreement; definitions.Sec. 126.  (1) A waiver of customer liability agreement is not insurance or the business of insurance and is not subject to this act.  (2) As used in this section:  (a) "Service provider" means a public or private provider of electricity, natural gas, water, sewer, solid waste collection, or any other similar service, and any provider of communications services involving the transmission of data or any other information or signals utilizing any medium or method, including, but not limited to, cable or broadband service, IP-enabled voice service, cellular or mobile service, or any other similar service.  (b) "Waiver of customer liability agreement" means an optional agreement between a service provider and a customer of the service provider under which the service provider agrees, in return for a specified charge payable by the customer to the service provider, to waive all or a portion of the customer's liability to the service provider for incurred charges during a defined period in the event of any 1 or more of the following: the customer's call to active military service; involuntary unemployment; death; disability; hospitalization; marriage; divorce; evacuation; displacement due to natural disaster or other cause; qualification for family leave; or similar qualifying event or condition. A waiver of customer liability may be contained in the agreement under which the service provider provides services to the customer or in a separate agreement between the service provider and the customer. History: Add. 2006, Act 432, Imd. Eff. Oct. 5, 2006 Popular Name: Act 218Popular Name: Essential Insurance
MI Comp L § 500.127 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-1 - Chapter 1 Scope of Code (500.100...500.150)|Section 500.127 - Guaranteed Asset Protection Waiver; Certificate of Authority or License Not Required; Issuance Not Construed as Insurance; Definitions.

500.127 Guaranteed asset protection waiver; certificate of authority or license not required; issuance not construed as insurance; definitions.Sec. 127.  (1) A guaranteed asset protection waiver that is subject to the guaranteed asset protection waiver act is not insurance or the business of insurance and is not subject to this act.   (2) A person is not required to obtain a certificate of authority or license under this act to market, sell, or offer to sell guaranteed asset protection waivers in compliance with the guaranteed asset protection waiver act to borrowers.  (3) A guaranteed asset protection waiver issued before the effective date of the amendatory act that added this section shall not be construed as insurance.  (4) As used in this section, "borrower" and "guaranteed asset protection waiver" mean those terms as defined in section 3 of the guaranteed asset protection waiver act. History: Add. 2009, Act 230, Imd. Eff. Jan. 8, 2010 Popular Name: Act 218Popular Name: Essential Insurance
MI Comp L § 500.128 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-1 - Chapter 1 Scope of Code (500.100...500.150)|Section 500.128 - Additional Exceptions.

500.128 Additional exceptions. Sec. 128.  This code shall not apply to:  (a) Nonprofit organizations of a purely philanthropic or social character, which may issue protection for the benefit of their members in amounts not to exceed $150.00 death benefit or $6.00 per week sickness or accident benefit upon compliance with provisions of the nonprofit corporation act, Act No. 162 of the Public Acts of 1982, being sections 450.2101 to 450.3192 of the Michigan Compiled Laws, and with the further and additional requirements that commissions or fees shall not be charged in such transactions, nor shall these organizations be formed or operated principally or primarily for the purpose of issuing such policies or contracts of insurance.  (b) Organizations legally operating under exceptions to the application of the insurance code in force and effect heretofore, provided these organizations shall notify the commissioner of their intention to so continue, and shall furnish with that notice satisfactory proof of their eligibility under said exceptions. The commissioner shall not be required to accept any notice filed later than December 31, 1945.  (c) Those fraternal and other societies, orders, associations, and organizations exempted pursuant to section 8199, exempted fraternal societies and other organizations, but subject to the provisions of section 8199.  (d) Voluntary associations of employees which provide death, accident, or sickness benefits to persons employed by the same employer.  (e) The Mennonite aid association of Indiana and Michigan. History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1986, Act 318, Eff. June 1, 1987 ;-- Am. 1990, Act 1, Eff. Apr. 1, 1990 Popular Name: Act 218Popular Name: Essential Insurance
MI Comp L § 500.132 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-1 - Chapter 1 Scope of Code (500.100...500.150)|Section 500.132 - Saving Clause; Incumbent Officers.

500.132 Saving clause; incumbent officers.  Sec. 132.  Continuation by this act of any state department or any office existing under any act repealed herein preserves such department and preserves the tenure of the individual holding such office at the effective date of this act. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218Popular Name: Essential Insurance
MI Comp L § 500.140 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-1 - Chapter 1 Scope of Code (500.100...500.150)|Section 500.140 - Saving Clause; Existence of Domestic Insurer Continued.

500.140 Saving clause; existence of domestic insurer continued. Sec. 140.  Any insurer heretofore formed or incorporated under any insurance law of this state, whose act of incorporation or act under which formed was repealed by Act No. 256 of the Public Acts of 1917 or is repealed by this act, shall continue to have a corporate existence (if a corporation) or existence (if other than a corporation), and shall have all the rights, privileges, immunities and limitations, obtained under such acts of incorporation or formation, as evidenced by their articles of incorporation, bylaws, power of attorney or constituent agreements made pursuant to such acts, as existing at the time this act takes effect; except, that all amendments to such articles of incorporation or powers of attorney or agreements shall be made hereafter in compliance with the provisions of this act, and all such insurers shall be otherwise governed by the provisions of this act. All reincorporations of such incorporated insurers, for the purpose of extending their corporate existence or for any other purpose shall be made only in compliance with this act, and any incorporated insurer heretofore incorporated under any insurance law of this state may reincorporate under this act. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218Popular Name: Essential Insurance
MI Comp L § 500.142 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-1 - Chapter 1 Scope of Code (500.100...500.150)|Section 500.142 - Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992

500.142 Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992 Compiler's Notes: The repealed section pertained to incorporation requirements for insurance companies.Popular Name: Act 218Popular Name: Essential Insurance
MI Comp L § 500.150 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-1 - Chapter 1 Scope of Code (500.100...500.150)|Section 500.150 - Violation of Act; Hearing; Order of Director; Penalties; Court Order.

500.150 Violation of act; hearing; order of director; penalties; court order.Sec. 150.  (1) Any person who violates any provision of this act for which a specific penalty is not provided under any other provision of this act or of other laws applicable to the violation must be afforded an opportunity for a hearing before the director under the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328. If the director finds that a violation has occurred, the director shall reduce the findings and decision to writing and issue and cause to be served on the person charged with the violation a copy of the findings and an order requiring the person to cease and desist from the violation. In addition, the director may order any of the following:  (a) Payment of a civil fine of not more than $1,000.00 for each violation. However, if the person knew or reasonably should have known that he or she was in violation of this act, the director may order the payment of a civil fine of not more than $5,000.00 for each violation. With respect to filings made under chapters 21, 22, 23, 24, and 26, "violation" means a filing not in compliance with those chapters and does not include an action with respect to an individual policy based on a noncomplying filing. An order of the director under this subdivision must not require the payment of civil fines exceeding $50,000.00. A fine collected under this subdivision must be turned over to the state treasurer and credited to the general fund.  (b) The suspension, limitation, or revocation of the person's license or certificate of authority.  (2) After notice and opportunity for hearing, the director may by order reopen and alter, modify, or set aside, in whole or in part, an order issued under this section if, in the director's opinion, conditions of fact or law have changed to require that action or the public interest requires that action.  (3) If a person knowingly violates a cease and desist order under this section and has been given notice and an opportunity for a hearing held under the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328, the director may order a civil fine of $20,000.00 for each violation, or a suspension, limitation, or revocation of the person's license, or both. A fine collected under this subsection must be turned over to the state treasurer and credited to the general fund.  (4) The director may apply to the court of claims for an order of the court enjoining a violation of this act. History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1984, Act 7, Imd. Eff. Feb. 1, 1984 ;-- Am. 1992, Act 182, Imd. Eff. Oct. 1, 1992 ;-- Am. 2019, Act 21, Imd. Eff. June 11, 2019 Popular Name: Act 218Popular Name: Essential Insurance
MI Comp L § 500.200 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-2 - Chapter 2 the Insurance Commissioner (500.200...500.271)|Section 500.200 - Insurance Department; Establishment.

500.200 Insurance department; establishment. Sec. 200.  There is hereby established a separate and distinct state department which shall be especially charged with the execution of the laws in relation to insurance and surety business and to perform such other duties as may be required by law: Provided, however, That the said department so established shall be deemed and considered as in continuation of and the successor to the insurance bureau established by Act No. 108 of the Session Laws of 1871, and other acts amending and supplementing the same, and as in continuation of and the successor to the state department established by Act No. 256 of the Public Acts of 1917 and other acts amending or supplementing the same. History: 1956, Act 218, Eff. Jan. 1, 1957 Compiler's Notes: Act 108 of 1871, referred to in this section, was superseded by Act 256 of 1917. Act 256 of 1917, also referred to in this section, was repealed by Act 218 of 1956. 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.For transfer of authority, powers, duties, functions, and responsibilities of the commissioner of insurance to the commissioner of the office of financial and insurance services by type III transfer, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.Popular Name: Act 218
MI Comp L § 500.202 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-2 - Chapter 2 the Insurance Commissioner (500.200...500.271)|Section 500.202 - Insurance Commissioner; Qualifications, Office, Term, Appointment, Approval, Vacancy.

500.202 Insurance commissioner; qualifications, office, term, appointment, approval, vacancy. Sec. 202.  (1) The chief officer of the department shall be known as the commissioner of insurance. He shall be a citizen of this state, shall have his office at the seat of government, shall personally superintend the duties of his office, and shall not be a stockholder or directly or indirectly connected with the management of affairs of any insurer. He shall be appointed by the governor for a term of 4 years by and with the consent of the senate.  (2) Whenever a vacancy occurs in the office of commissioner by reason of death, removal, or otherwise, the governor shall fill such vacancy by appointment, by and with the advice and consent of the senate, if in session. History: 1956, Act 218, Eff. Jan. 1, 1957 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.Popular Name: Act 218