{"data":{"id":"us-mi/mich.-comp.-laws-492.116a","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 492.116a","heading":"Unexpired insurance premiums; crediting.","body":"Sec. 16a.\n\nIf unexpired insurance premiums received by the seller or holder resulting from the cancellation of insurance which was originally placed by the buyer's expense cannot be used in procuring comparable insurance as in section 16, subsection (g), such unexpired insurance premiums shall be credited to the last maturing installments under the contract.","path":["MI Code","Chapter 492","Act Act-27-of-1950-Ex-Sess-"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-492-116a","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"667da782481af03e6aa0080679dcd6f4c7f2c5b26131fec6fe94e1303df5b0c8","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-492.116","next":"us-mi/mich.-comp.-laws-492.117"},"notice":"GroundRules: Original legal text. Not legal advice."}