US EditionUnderstanding the Role of Insurance Agents Under Michigan Law - Varnum LLP
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Understanding the Role of Insurance Agents Under Michigan Law - Varnum LLP
Many businesses and individuals consider their insurance agent a trusted advisor who will proactively ensure adequate coverage. But when an insurance claim is denied or doesn’t result in the expected payout, policyholders may be surprised to learn that Michigan law does not impose a general legal duty on insurance agents to advise clients on the adequacy or suitability of coverage. In most situations, insurance agents are only responsible for se…
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