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2021 Michigan Compiled Laws
Chapter 390 - Universities and Colleges
Act 315 of 1977 - Indemnification Reserve Fund (390.1121 - 390.1131)
AN ACT to authorize certain institutions of higher education to establish an indemnification reserve fund to pay losses arising out of professional liability, institutional liability, premises liability, or the institution's vicarious liability which occurs in the scope of employment, program, or authority; to establish a risk management system; to prescribe powers and duties of the department of licensing and regulation and the department of treasury; and to provide for the satisfaction of judgments and the settlement of claims.
History: 1977, Act 315, Imd. Eff. Jan. 9, 1978 ;-- Am. 1982, Act 24, Imd. Eff. Mar. 4, 1982
- Section 390.1121 - Meanings of Words and Phrases.
- Section 390.1122 - Definitions; a to E.
- Section 390.1123 - Definitions; I to L.
- Section 390.1124 - Definitions; P.
- Section 390.1125 - Definitions; R to U.
- Section 390.1126 - Assumption by State of Excess Loss of University or Its Agents; Conditions.
- Section 390.1127 - State Payment of Excess Loss of University; Qualifications; Indemnification Reserve Fund; Compliance With MCL 500.100 to 500.8302.
- Section 390.1128 - Information to Be Filed With State Insurance Bureau.
- Section 390.1129 - Annual Excess Loss as Obligation of State; Payment; Limitation; Payment of Incurred Loss.
- Section 390.1130 - Naming State as Party Prohibited; Act or Fund Not to Be Mentioned at Trial or Hearing.
- Section 390.1131 - Annual Report.
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