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Form FIS0517 Alternative Bond in Lieu of Michigan Based Trust Account - Michigan
What Is Form FIS0517?
This is a legal form that was released by the Michigan Department of Insurance and Financial Services - a government authority operating within Michigan. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form FIS0517?A: Form FIS0517 is an alternative bond in lieu of a Michigan based trust account.
Q: What is a Michigan based trust account?A: A Michigan based trust account is a type of financial account used for holding client funds in trust by certain professionals like attorneys and real estate agents in Michigan.
Q: What is an alternative bond?A: An alternative bond is a financial guarantee provided by a bonding company in place of a Michigan based trust account.
Q: Why would someone choose an alternative bond?A: Someone may choose an alternative bond if they are unable or unwilling to open a Michigan based trust account but still need to provide a financial guarantee for their clients' funds.
Q: How does Form FIS0517 work?A: Form FIS0517 is the official form to be completed and submitted to the State of Michigan to request approval for using an alternative bond instead of a Michigan based trust account.
Form Details:
- Released on August 1, 2016;
- The latest edition provided by the Michigan Department of Insurance and Financial Services;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form FIS0517 by clicking the link below{class="scroll_to"} or browse more documents and templates provided by the Michigan Department of Insurance and Financial Services.
Download Form FIS0517 Alternative Bond in Lieu of Michigan Based Trust Account - Michigan
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