500.1407 Bond; errors and omissions policy. Sec. 1407. The commissioner may require a managing general agent to do both of the following: (a) Maintain a bond in an amount acceptable to the commissioner for the protection of the insurer. (b) Maintain an errors and omissions policy. History: Add. 1990, Act 350, Eff. June 1, 1991 Popular Name: Act 218
Michigan Legal Code