P&CMIeasy
Under MCL 500.402, what is required before an insurer may transact insurance business in Michigan?
A certificate of authority issued by the DIFS Director
BA surplus lines broker's license held by the insurer, waiving all rate and form filing requirements
CRegistration with the Michigan Secretary of State
DApproval by the Michigan Attorney General
Why this is the answer
An authorized (admitted) insurer holds a certificate of authority from the DIFS Director under MCL 500.402. Without one, the insurer is unauthorized and may only access the MI market through the surplus lines mechanism in Chapter 19 (MCL 500.1901+).
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