Sec. 553.
The self-insurers' security fund or the private employer group self-insurers security fund, after paying an injured employee, shall have all the rights of the injured employee as a creditor of the insolvent employer to the extent of benefits it paid. The trustees of the fund shall have the right and obligation to obtain reimbursement to the fund from an insolvent employer for any funds paid out as benefits to the employees of the insolvent employer, including expenses pertinent to payments or recovery thereof.
History: Add. 1971, Act 149, Imd. Eff. Nov. 16, 1971 ;-- Am. 2014, Act 234, Imd. Eff. June 27, 2014 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Section 418.532 - Repealed. 1996, Act 357, Eff.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.