MCL - 218-1956-29
Act 218 of 1956
BASIC PROPERTY INSURANCE
| Document | Type | Description |
|---|---|---|
| Section 500.2901 | Section | Definitions. |
| Section 500.2910 | Section | Inspection of property; requests; operation of inspection bureau. |
| Section 500.2912 | Section | Issuing insurance at rate requiring consent under MCL 500.2414 or 500.2614; inspection; sworn statements; false affidavits; employing services of surplus lines agent; forms of sworn statements; descriptions of rights. |
| Section 500.2920 | Section | Michigan basic property insurance association or “pool”; membership; plan of operation and amendments to plan; approval; compliance; designation of members as servicing facilities; reimbursement and authority of facility; rules; rights and liabilities of pool. |
| Section 500.2921 | Section | Board of governors as manager of pool; appointment, election, qualifications, and term of members; time of election; allotment of votes; increasing number of governors; vacancy. |
| Section 500.2923 | Section | Agents writing insurance on behalf of pool; commissions; losses. |
| Section 500.2924 | Section | Underwriting standards employed in determining acceptable risk for basic property insurance; basis of underwriting program for home insurance. |
| Section 500.2925 | Section | Application to pool for basic property insurance; form; findings; issuance of policy; reinsuring policies; statement required if risk found not acceptable; term of policy; renewal of policy; waiver of inspection; issuance and term of binders. |
| Section 500.2925a | Section | Application to pool for home insurance; form; findings; issuance of policy; reinsuring policies; statement required if property or applicant not qualified; term of policy; renewal of policy; selection of dwellings for inspection; issuance and term of binders. |
| Section 500.2925b | Section | Liability; inspection; enforcement by commissioner. |
| Section 500.2925c | Section | Notice of rights to obtain home insurance. |
| Section 500.2926-500.2929 | Section | Repealed. 1971, Act 74, Eff. Aug. 1, 1971. |
| Section 500.2930 | Section | Basic property insurance; amount of premium; surcharge; establishment of rates; filing rates and policy forms. |
| Section 500.2930a | Section | Rates charged in territory for home insurance; conditions; limitation on premium for repair cost policy; development of plans, rules, classifications, territories, and calculation steps; policy forms; filing; definitions. |
| Section 500.2931 | Section | Limitation on annual premiums written by or on behalf of pool; premium ratios. |
| Section 500.2932 | Section | Annual rate of assessment; establishment; purpose; basis; notice; payment of assessments; estimating assessable premiums; adjustment of premium rates; annual statement; assessments as income; deficit or surplus; advance assessments; exempting or deferring assessment; duration of certain rate adjustments; certain deficits carried forward; sharing assets, liabilities, income, and disbursements. |
| Section 500.2933 | Section | Pool exempted from fees and taxes; exception. |
| Section 500.2939 | Section | Reinsurance permitted. |
| Section 500.2940 | Section | Repealed. 2000, Act 486, Imd. Eff. Jan. 11, 2001. |
| Section 500.2941 | Section | Pool; supervision, regulation and examination. |
| Section 500.2942 | Section | Liability for statements made in reports, at hearings, or in findings; reports of inspection bureau. |
| Section 500.2943 | Section | Appeal to insurance commissioner; hearing; order. |
| Section 500.2950 | Section | Repealed. 1971, Act 74, Eff. Aug. 1, 1971. |
| Section 500.2952 | Section | Federal riot reinsurance reimbursement fund; contents, assessments, reimbursements, retroactive effect. |
| Section 500.2954 | Section | Determinations made by commissioner. |