# MCL 500.1240

MCL 500.1240, “Payment or acceptance of commission, service fee, or valuable consideration”, is an MCL section of [1956 PA 218](https://ontology.bommaritollc.com/id/01a0d565-2054-7061-9841-4204f29f7809) (THE INSURANCE CODE OF 1956); in force.

IRI: <https://ontology.bommaritollc.com/id/01a0d565-e177-751b-85be-bc8436b13e79>

Within: [1956 PA 218](https://ontology.bommaritollc.com/id/01a0d565-2054-7061-9841-4204f29f7809)

Type: [schema:Legislation](https://schema.org/Legislation)

- `adms:identifier`: [mcl-object mcl-500-1240](https://ontology.bommaritollc.com/id/01a0d565-e177-751b-85be-bc93b43da43e)
- `prov:wasDerivedFrom`: [evidence from https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-1240](https://ontology.bommaritollc.com/id/01a0d565-e177-751b-85be-bc83adc38600)
- `schema:isPartOf`: [1956 PA 218](https://ontology.bommaritollc.com/id/01a0d565-2054-7061-9841-4204f29f7809)
- `schema:legislationIdentifier`: MCL 500.1240
- `schema:legislationJurisdiction`: [Michigan](https://ontology.bommaritollc.com/id/01a0ca47-57ff-7219-9e2f-cdc1b39bd0fa)
- `schema:legislationLegalForce`: [schema:InForce](https://schema.org/InForce)
- `schema:legislationType`: [MCL section](https://ontology.bommaritollc.com/vocab/leg/mclSection)
- `schema:name`: Payment or acceptance of commission, service fee, or valuable consideration.
- `schema:url`: [https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-1240](https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-1240)
- `skos:prefLabel`: MCL 500.1240

## Elsewhere

- [Official page](https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-1240) (www.legislature.mi.gov)

## Pointing here

- Its changes, from (1; `eli:changes`):
  - [2001 PA 228](https://ontology.bommaritollc.com/id/01a0d565-3aff-74d7-b0b3-148e94b6dd83)

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Cite as: MCL 500.1240. bc-ontology, release 0.1.0-rc12, 2026-09-27. https://ontology.bommaritollc.com/id/01a0d565-e177-751b-85be-bc8436b13e79
Release 0.1.0-rc12, graph hash a20f66b983549f220c6f061b7e40233771a06aa47a0c0aede95a2a57ee2e9553.