Mich. Comp. Laws § 500.1501a
Financial institutions; application of chapter.
Michigan · Michigan Compiled Laws — THE INSURANCE CODE OF 1956 (Act 218 of 1956) · Status: effective
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- Mich. Comp. Laws § 500.1501a, Financial institutions; application of chapter, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1367512
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Full text
Nothing in this chapter shall limit or interfere with any bank, company or association described in subsection (b) of section 1501 as to any business which it is otherwise authorized to conduct, including the financing of insurance premiums. Nothing in this chapter shall prevent any such bank, company or association, if otherwise permitted by law and regulation, from qualifying under this chapter as an insurance premium finance company.