Mich. Admin. Code R. 550.205
Current through Vol. 24-18, October 15, 2024
Rule 5. If the indebtedness is discharged due to renewal or refinancing before the scheduled maturity date, the insurance in force shall be terminated before any new insurance may be issued in connection with the renewed or refinanced indebtedness. In all cases of such termination before the scheduled maturity, a refund shall be made promptly as provided in R 550.113.
Mich. Admin. Code R. 550.205