There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - Mich. Comp. Laws § 500.6854 Insurance in excess of fair value prohibited.
Act 218 of 1956 500.6854 Insurance in excess of fair value prohibited. Sec. 6854. No company organized or operating under this chapter shall issue a policy for an amount in excess of a fair value of the property insured.
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