PLMIeasy
Under MCL 500.2123a, a Michigan homeowners insurer may cancel a newly issued policy for any reason only within what window after the effective date?
A30 days
B45 days
C90 days
55 days
Why this is the answer
MCL 500.2123a gives MI homeowners insurers a 55-day underwriting window after the effective date of a newly issued policy, during which the insurer may cancel for any lawful reason. After day 55, only statutorily enumerated reasons apply.
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