Sec. 511.
The funds shall be managed by a board of 3 trustees, 1 of whom shall be the director, the remaining 2 of whom shall be appointed by the governor with the advice and consent of the senate and so selected by the governor that 1 trustee will represent the insurance industry and the remaining trustee shall represent those employers who have been authorized to act as self-insurers. The director shall be a permanent trustee but the other 2 trustees shall be appointed for terms of 4 years and shall serve until their successors are appointed and qualified. The present trustees of the silicosis and dust disease fund shall continue to serve for the balance of their terms and shall exercise the powers granted by this chapter. The trustees shall receive no compensation for their services, but shall be reimbursed for their actual and necessary expenses during the performance of their duties.
History: 1969, Act 317, Eff. Dec. 31, 1969 Popular Name: Act 317
Structure Michigan Compiled Laws
Chapter 418 - Worker's Disability Compensation
Act 317 of 1969 - Worker's Disability Compensation Act of 1969 (418.101 - 418.941)
317-1969-5 - Chapter 5 Funds (418.501...418.561)
Section 418.501b - Assessments.
Section 418.502 - “Insolvent Private Self-Insured Employer” Defined.
Section 418.511 - Board of Trustees; Appointment, Term, Expenses.
Section 418.521 - Second Injury Fund; Payments Reimbursable.
Section 418.532 - Repealed. 1996, Act 357, Eff. June 1, 2000.
Section 418.537 - Payments From Self-Insurers' Security Fund.
Section 418.538 - Claims Authorized Under MCL 418.501a; Payment.
Section 418.552 - Insufficiency of Funds; Borrowing; Repayment; Restriction; Special Assessment.
Section 418.552a - Expired. 1980, Act 357, Eff. Jan. 1, 1986.
Section 418.552b - Silicosis, Dust Disease, and Logging Industry Compensation Fund; Review; Report.
Section 418.555 - Reimbursement Provisions; Delinquent Carriers.
Section 418.561 - Application for Self-Insurance; Agreement as to Insolvency.