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Michigan

Commission Alternatives - Fees and Requirements

Charge fee in addition to or in lieu of collecting commissions?
Specific Disclosures or written agreements required to charge fees to a client?
Admin fees for insurance placement?
Charges for services unrelated to the placement of insurance?
Additional licensing required?
Agents may charge a fee in addition to or in lieu of receiving a commission for insurance placement.  Agents may also charge a fee for counseling services.  Mich. Comp. Laws Ann. § 500.1232; Mich. Comp. Laws Ann. § 500.1236; Mich. Comp. Laws Ann. §
Yes.  A written agreement for counseling services must set out the amount of fee and work to be performed.  The agreement must also state that the fee cannot be waived, and that a commission will be received for insurance placed as an agent.  Mich. Comp. Laws Ann. § 500.1236.  
Yes, see fees in lieu of commissions
Yes, see fees in lieu of commissions
Insurance agents that offer services in addition to the “customary advice offered by a licensed insurance agent” are required to be licensed as insurance counselors.  Mich. Comp. Laws Ann. § 500.1232

Malpractice Damage Cap

Damage Cap Amount

State Code
Michigan's caps on medical malpractice damages are reviewed at the end of each calendar year and adjusted according to the consumer price index. On 1/31/23, the upper-cap for non-economic damages was increased to $960,500 and the lower cap for non-economic damages was increased to $537,900.