Section 500.2320 - Facility; deferred premium payment plans.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.2320 Facility; deferred premium payment plans.
Sec. 2320.
The facility shall provide for deferred premium payment plans which shall include sufficient advance payments at least equal to the pro rata earned premium at all times.
History: Add. 1982, Act 8, Eff. Jan. 1, 1983
Popular Name: Act 218