2006 Michigan Compiled Laws - CHAPTER 79 PROPERTY AND CASUALTY GUARANTY ASSOCIATION (500.7901...500.7949)

THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956 Chapter 79
PROPERTY AND CASUALTY GUARANTY ASSOCIATION

Document	Description
Section 500.7901	Property and casualty guaranty association act; short title.
Section 500.7911	Property and casualty guaranty association; membership; exception; laws to which association subject.
Section 500.7911a	Life or disability insurer not to be member of association.
Section 500.7912	Property and casualty guaranty association; board of governors; appointment, terms, and qualifications of members; vacancy.
Section 500.7914	Property and casualty guaranty association; plan of operation, adoption, amendment, approval; failure to adopt operation plan.
Section 500.7916	Property and casualty guaranty association; servicing facilities; designation; reimbursement; authority; approval.
Section 500.7918	Property and casualty guaranty association; powers generally.
Section 500.7921	"Insolvent insurer" and "member insurer" defined.
Section 500.7925	"Covered claims" defined.
Section 500.7931	Payment and discharge of covered claims; association as party in interest; rights of association; cause of action against insureds; recoverable damages or benefits as credit against covered claim; action to recover excess payment; continuation and duration of coverage for covered claims; cancellation of insurance policies; notice.
Section 500.7933	Financial condition of member insurer; reports and recommendations; advice to commissioner; exemption from public disclosure.
Section 500.7935	Cooperation of insured with association; assignment of rights; indemnification from catastrophic claims association; options.
Section 500.7941	Assessments on member insurers; purpose; allocation of claim payments and costs to categories; separate assessments for each category; use, amount, and rate of assessment; remittance and administration of assessments; notice; limitation; exemption or deferment; liability of state accident fund; recognition of assessments in rate-making procedures; refunds; revocation of certificate of authority.
Section 500.7945	Stay of proceedings.
Section 500.7947	Tax exemption.
Section 500.7948	Liability.
Section 500.7949	Insurance commissioner; regulatory powers; visitation; examination; hearings.

Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.