Section 500.5210 - Dealing in commodities prohibited; exception.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.5210 Dealing in commodities prohibited; exception.
Sec. 5210.
No domestic property or marine or inland navigation and transportation, or automobile (limited) insurer shall, directly or indirectly, deal or trade in buying or selling any goods, wares, merchandise or other commodities whatever, excepting such articles as may have been insured by such insurer, and are claimed to be damaged by fire or water.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218