{"data":{"id":"us-mi/mich.-comp.-laws-500.1407","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.1407","heading":"Bond; errors and omissions policy.","body":"Sec. 1407.\n\nThe commissioner may require a managing general agent to do both of the following:\n\nMaintain a bond in an amount acceptable to the commissioner for the protection of the insurer.\n\nMaintain an errors and omissions policy.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-1407","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"4d4e518a89b5ea8ebab60bf025fefa1d74a183c99861cd52019e88ba2ff8122f","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.1405","next":"us-mi/mich.-comp.-laws-500.1409"},"notice":"GroundRules: Original legal text. Not legal advice."}