{"data":{"id":"us-mi/mich.-comp.-laws-500.1951","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.1951","heading":"Procuring, continuing, or renewing insurance with unauthorized insurer; report; tax on premiums; regulatory fee.","body":"Sec. 1951.\n\nAn insured in this state who, on behalf of himself or herself, or an employee in this state who, on behalf of his or her employer, procures, causes to be procured, or continues or renews insurance with an unauthorized insurer, or a self-insurer in this state who procures or continues excess loss, catastrophe, or other insurance with an unauthorized insurer, upon a subject of insurance resident, located, or to be performed within this state, other than insurance procured pursuant to section 1905 or 1950, within 30 days after the date the insurance was procured, continued, or renewed, shall file a written report regarding the insurance with the commissioner on forms prescribed by the commissioner and furnished to the insured upon request. The report shall be accompanied by a 2% tax on premiums written and, instead of the costs and expenses that may be imposed by the commissioner pursuant to this chapter, a 0.5% regulatory fee on premiums written. The report shall show all of the following:\n\nThe name and address of the insured or insureds.\n\nThe name and address of the insurer.\n\nThe subject of the insurance.\n\nA general description of the coverage.\n\nThe amount of premium currently charged for the insurance.\n\nAny additional pertinent information, reasonably requested by the commissioner.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-1951","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"49bc406bfe8406f649c8524d260c791495af6dd909e2fed23a69a538a2ac5687","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.1950","next":"us-mi/mich.-comp.-laws-500.1952"},"notice":"GroundRules: Original legal text. Not legal advice."}