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Form a Business

Bond; errors and omissions policy.

MCL 500.1407
in effect
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500.1407. Bond; errors and omissions policy. Sec. 1407. The commissioner may require a managing general agent to do both of the following: (a) Maintain a bond in an amount acceptable to the commissioner for the protection of the insurer. (b) Maintain an errors and omissions policy. Add. 1990, Act 350, Eff. June 1, 1991 [PopularName] Act 218
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-500-1407Fetched: 10/20/2026

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