A bill to amend 1956 PA 218, entitled “The insurance code of 1956,” (MCL 500.100 to 500.8302) by adding section 1201b.
House Bill 4500 would amend the Insurance Code to prohibit an agent of an insurer or an agent of the insured from selling, soliciting, or negotiating an application for insurance unless the agent discloses to the insured or prospective insured that they are a representative of the insurer or the insured, as applicable, on a form issued by the director of the Department of Insurance and Financial Services (DIFS).
Co-sponsored by Reps.
Referred to the Committee on Insurance and Financial Services