Michigan Compiled Laws
317-1969-5 - Chapter 5 Funds (418.501...418.561)
Section 418.561 - Application for Self-Insurance; Agreement as to Insolvency.

Sec. 561.
The application for self-insurance by a private employer shall contain an agreement that in case of insolvency the employer shall make its records available to an agent of the self-insurers' security fund or the private employer group self-insurers security fund, as applicable, to help defend the fund and shall disclose the employer's inability to pay the injured employee.
History: Add. 1971, Act 149, Imd. Eff. Nov. 16, 1971 ;-- Am. 2014, Act 235, Imd. Eff. June 27, 2014 Popular Name: Act 317

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Structure Michigan Compiled Laws

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 418.501 - Self-Insurers' Security Fund and Second Injury Fund; Silicosis, Dust Disease, and Logging Industry Compensation Fund; Uninsured Employer's Security Fund; Private Employer Group Self-Insurers Security Fund; Definitions.

Section 418.501a - Liability of Self-Insurer's Security Fund; Termination on January 1, 2020; Responsibility of Pegsisf on and After January 1, 2020; Assessment.

Section 418.501b - Assessments.

Section 418.502 - “Insolvent Private Self-Insured Employer” Defined.

Section 418.511 - Board of Trustees; Appointment, Term, Expenses.

Section 418.515 - Board of Trustees; Powers and Duties; Funds Administrator; Office Space; Clerical Assistance; Expenses; Legal Advice and Representation.