Sec. 2320.
The facility shall provide for deferred premium payment plans which shall include sufficient advance payments at least equal to the pro rata earned premium at all times.
History: Add. 1982, Act 8, Eff. Jan. 1, 1983 Popular Name: Act 218
Structure Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-23 - Chapter 23 Worker's Compensation Insurance Rates (500.2301...500.2352)
Section 500.2301 - Participation in Facility by Insurers Required; Purposes.
Section 500.2303 - Definitions.
Section 500.2318 - Facility; Classification and Rating Systems; Determination and Use.
Section 500.2320 - Facility; Deferred Premium Payment Plans.