2010 Michigan Compiled Laws
Chapter 285 - AGRICULTURE
Act 198 of 2003 - FARM PRODUCE INSURANCE ACT (285.311 - 285.331)

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

• Section 285.311 - Short title.
• Section 285.313 - Definitions.
• Section 285.315 - Farm produce insurance authority; creation; powers, duties, and functions.
• Section 285.317 - Board of directors; membership; terms; vacancy; quorum; meetings; notice; waiver of objection; duties; powers; compensation; inspection of books and records.
• Section 285.318 - Conduct of business at public meetings; public notice; disclosure of information.
• Section 285.319 - Farm 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 285.321 - Producer 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 285.323 - Producer premium; refund.
• Section 285.325 - Claim for reimbursement.
• Section 285.327 - Use of money; severability; audit.
• Section 285.329 - Action by director or department; defenses.
• Section 285.331 - Acts as misdemeanor; penalties; enforcement action.