Bill Text: MI HB4500 | 2023-2024 | 102nd Legislature | Introduced
Bill Title: Insurance: producers; disclosure to insured as to whether a producer is an agent of the insured or agent of the insurer; require. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 1201b.
Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: (Introduced) 2023-05-04 - Bill Electronically Reproduced 05/03/2023 [HB4500 Detail]
Download: Michigan-2023-HB4500-Introduced.html
HOUSE BILL NO. 4500
A bill to amend 1956 PA 218, entitled
"The insurance code of 1956,"
(MCL 500.100 to 500.8302) by adding section 1201b.
the people of the state of michigan enact:
Sec. 1201b. (1) An agent of the insurer shall not sell, solicit, or negotiate an application for insurance unless the agent of the insurer discloses to the insured or prospective insured on a form issued by the director that the agent of the insurer is a representative of the insurer.
(2) An agent of the insured shall not sell, solicit, or negotiate an application for insurance unless the agent of the insured discloses to the insured or prospective insured on a form issued by the director that the agent of the insured is a representative of the insured.
