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2006 Michigan Compiled Laws - Act 198 of 2003


FARM PRODUCE INSURANCE ACT

Act 198 of 2003

AN ACT to provide insurance to farm produce producers against losses from the failure of grain dealers; to establish a farm produce insurance authority; to prescribe the powers and duties of the authority and its board; to establish a farm produce insurance fund; to provide for assessments on grain dealers; to prescribe certain powers and duties of certain state agencies and officers; to authorize the promulgation of rules; and to repeal acts and parts of acts.


History: 2003, Act 198, Imd. Eff. Nov. 10, 2003




The People of the State of Michigan enact:

DocumentDescription
Section 285.311Short title.
Section 285.313Definitions.
Section 285.315Farm produce insurance authority; creation; powers, duties, and functions.
Section 285.317Board of directors; membership; terms; vacancy; quorum; meetings; notice; waiver of objection; duties; powers; compensation; inspection of books and records.
Section 285.318Conduct of business at public meetings; public notice; disclosure of information.
Section 285.319Farm produce insurance fund; establishment; payments; allocation for administrative expenses; payment for legal services and expenses; investment officer; manner of investment; establishment of fiscal year.
Section 285.321Producer premium; limitation; payment; deduction from proceeds; notice to producer; forwarding for deposit into fund; manner of notice; retention of books and records; availability for inspection or verification; disclosure; certification of amount of money in fund.
Section 285.323Producer premium; refund.
Section 285.325Claim for reimbursement.
Section 285.327Use of money; severability; audit.
Section 285.329Action by director or department; defenses.
Section 285.331Acts as misdemeanor; penalties; enforcement action.

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