500.402c Motor vehicle rental company; insurance transaction; definitions. Sec. 402c. (1) A certificate of authority to transact insurance in this state is not required for the sale of any travel or auto-related insurance coverages by a motor vehicle rental company or its officers or employees in connection with and incidental to the rental of a motor vehicle. (2) As used in this section: (a) 'Motor vehicle' means a motorized vehicle designed for transporting passengers or goods. (b) 'Motor vehicle rental company' means any person in the business of providing motor vehicles to the public under a rental agreement for a period not to exceed 90 days. History: Add. 2002, Act 737, Imd. Eff. Dec. 30, 2002 Compiler's Notes: Former MCL 500.402c, which pertained to determination that insurer is safe, reliable, and entitled to public confidence, was repealed by Act 158 of 1996, Imd. Eff. Apr. 3, 1996.Popular Name: Act 218
Michigan Legal Code