Michigan Compiled Laws
218-1956-28 - Chapter 28 Fire Insurance Contracts (500.2804...500.2866)
Section 500.2812 - Combination Fire Policy; Mandatory Provisions.

Sec. 2812.
Two or more insurers authorized to transact fire insurance in this state may, with the approval of the commissioner, issue a combination fire policy which shall contain the following provisions:
(a) A provision substantially to the effect that the insurers executing the policy shall be severally liable for the full amount of any loss or damage, according to the terms of the policy, or for specified percentages or amounts thereof, aggregating the full amount of the insurance under the policy.
(b) A provision substantially to the effect that service of process, or of any notice or proof of loss required by the policy, upon any of the insurers executing the policy, shall be considered service upon all the insurers.
History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1990, Act 305, Imd. Eff. Dec. 14, 1990 Popular Name: Act 218

<< Previous

Next >>

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 500 - Insurance Code of 1956

Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)

218-1956-28 - Chapter 28 Fire Insurance Contracts (500.2804...500.2866)

Section 500.2804 - Fire Insurance Contracts on Property Herein Deemed Made in Michigan.

Section 500.2806 - Policy or Contract of Fire Insurance; Requirements.

Section 500.2807, 500.2808 - Repealed. 1990, Act 305, Imd. Eff. Dec. 14, 1990.

Section 500.2810 - Printing Regulations on Fire Policy.

Section 500.2812 - Combination Fire Policy; Mandatory Provisions.