Section 500.1212 - Persons acting as solicitors; contract with agent; license; notice of appointment.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.1212 Persons acting as solicitors; contract with agent; license; notice of appointment.
Sec. 1212.
(1) An agent may not appoint, employ or in any manner receive the benefit of business done or services rendered in this state by a person acting as a solicitor unless that person is so authorized to act by a written contract with the agent, he is licensed as a solicitor in accordance with this chapter, and the agent has notified the commissioner in writing of the appointment.
(2) A person who is licensed as a solicitor, within the lines of insurance permitted by the license, may act on behalf of a licensed agent if the agent has properly notified the commissioner of the appointment of that person as his solicitor.
History: Add. 1972, Act 133, Eff. Mar. 30, 1973
Popular Name: Act 218