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Section 500.7701 - Short Title of Chapter. - Sec. 7701. This chapter shall be known and may be...
Section 500.7702 - Purpose and Construction of Chapter. - Sec. 7702. (1) The purpose of this chapter is to...
Section 500.7704 - Coverages; Liability of Association; Limitations. - Sec. 7704. (1) This chapter shall provide coverage for the...
Section 500.7705 - Definitions. - Sec. 7705. As used in this chapter: (a) "Account" means...
Section 500.7706 - Michigan Life and Health Insurance Guaranty Association; Creation; Membership Requirement; Performance of Functions; Exercise of Powers; Accounts; Supervision of Commissioner; Applicability of Insurance Laws; Meetings. - Sec. 7706. (1) There is created a nonprofit legal entity...
Section 500.7707 - Board of Directors; Appointment and Election of Members; Vacancy; Notice of Organizational Meeting; Voting Rights; Approval of Election or Appointment; Fair Representation Required; Reimbursement for Expenses. - Sec. 7707. (1) The board of directors of the association...
Section 500.7708 - Powers and Duties of Association as to Impaired or Insolvent Insurers; Proceeding Under Subsection (3)(b) or (5)(b); Paying or Crediting Rate of Interest; Nonpayment of Premiums; Premiums Due and Liability for Unearned Premiums; Ap... - Sec. 7708. (1) In addition to the powers and duties...
Section 500.7709 - Assessments. - Sec. 7709. (1) Except as otherwise provided in this section,...
Section 500.7710 - Plan of Operation and Amendments; Submission to Commissioner; Effective Date; Failure to Submit Suitable Plan or Amendments; Rules; Compliance by Member Insurers; Contents of Plan; Providing for Delegation of Powers and Duties of A... - Sec. 7710. (1) The association shall submit to the commissioner...
Section 500.7711 - Additional Duties of Commissioner; Suspension or Revocation of Certificate of Authority; Forfeiture; Appeal; Judicial Review; Notice by Liquidator, Rehabilitator, or Conservator. - Sec. 7711. (1) In addition to the duties enumerated elsewhere...
Section 500.7712 - Detection and Prevention of Insurer Insolvencies or Impairments; Powers and Duties of Commissioner and Board of Directors; Reports and Recommendations. - Sec. 7712. (1) To aid in the detection and prevention...
Section 500.7714 - Liability for Unpaid Assessments of Insureds on Impaired or Insolvent Insurer Operating Under Plan With Assessment Liability; Records of Negotiations and Meetings; Report; Association as Creditor of Impaired or Insolvent Insurer; “... - Sec. 7714. (1) This chapter shall not be construed to...
Section 500.7715 - Examination and Regulation of Association by Commissioner; Financial Report; Report of Activities. - Sec. 7715. The association shall be subject to examination and...
Section 500.7716 - Association Exempt From Fees and Taxes; Exception. - Sec. 7716. The association shall be exempt from payment of...
Section 500.7717 - Nonliability of Member Insurer, Association, Board of Directors, or Commissioner in Performance of Powers and Duties. - Sec. 7717. There is no liability on the part of...
Section 500.7718 - Stay of Proceedings in Which Insolvent Insurer Party; Setting Aside Default Judgment; Defense. - Sec. 7718. All proceedings in which an insolvent insurer is...
Section 500.7719 - Repealed. 1989, Act 302, Eff. Jan. 3, 1990. - Compiler's Notes: The repealed section pertained to prohibited advertisement, announcement,...
Section 500.7780 - Applicability of Chapter to Delinquent Insurer. - Sec. 7780. This chapter applies to a delinquent insurer for...