SB944 — Insurance: other; processing fees; allow premium finance companies to collect. Amends sec. 1510 of 1956 PA 218 (MCL 500.1510).

SB944 — Insurance: other; processing fees; allow premium finance companies to collect. Amends sec. 1510 of 1956 PA 218 (MCL 500.1510). · Informed CitizenryThis bill amends the insurance code of 1956 regarding insurance premium finance agreements. It establishes that delinquency charges for installment payments in default for 10 days or more may be be…Open in Informed Citizenry