Michigan Compiled Laws

Mich. Comp. Laws § 550.601 (2026)

Credit insurance act; short title.

✓ current as of July 2026

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CREDIT INSURANCE ACT

Act 173 of 1958

550.601 Credit insurance act; short title.

Sec. 1.

This act shall be known and may be cited as "credit insurance act".

History: 1958, Act 173, Eff. Sept. 13, 1958

Compiler's Notes:

For transfer of the Department of Insurance and Office of the Commissioner on Insurance from the Department of Licensing and Regulation to the Department of Commerce, see E.R.O. No. 1991-9, compiled at MCL 338.3501 of the Michigan Compiled Laws.

For transfer of authority, powers, duties, functions, and responsibilities of the insurance bureau and the commissioner of insurance to the commissioner of the office of financial and insurance services and the office of financial and insurance services, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.

Notes of Decisions

Cited in 3 cases, 1973–1999 · leading case: Smith v. Globe Life Ins., 597 N.W.2d 28 (Mich. 1999).

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Smith v. Globe Life Ins., 597 N.W.2d 28 (Mich. 1999). · cites it 2× “See also the Credit Insurance Act, MCL 550.601 et seq.; MSA 24.568(1) et seq.”

Smith v. Globe Life Ins., 565 N.W.2d 877 (Mich. Ct. App. 1997). · cites it 2× “14434, provides that the statements made by individuals in their application for any disability insurance policy, in the absence of fraud, are representations and not warranties.”

Gardner v. League Life Ins., 210 N.W.2d 897 (Mich. Ct. App. 1973). “MCLA 550.601 et seq.; MSA 24.568(1) et seq.”

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