Michigan Compiled Laws
218-1956-28 - Chapter 28 Fire Insurance Contracts (500.2804...500.2866)
Section 500.2834 - Fire Insurance Policy; Exclusion Related to Terrorism; Definition.

Sec. 2834.
(1) Notwithstanding section 2833, a commercial fire insurance policy issued or delivered in this state may exclude coverage for loss by fire or other perils insured against if the fire or perils were caused directly or indirectly by terrorism.
(2) As used in this section, "terrorism" means any of the following:
(a) A certified act of terrorism as defined in the terrorism risk insurance act of 2002, Public Law 107-297, 116 Stat. 2322.
(b) A violent act or an act that is dangerous to human life, property, or infrastructure that is committed by an individual or individuals and that appears to be part of an effort to coerce a civilian population or to influence the policy or affect the conduct of any government by coercion.
(c) Terrorism as defined in a form that is voluntarily filed under and subject to section 2236 and is properly in use.
History: Add. 2003, Act 11, Imd. Eff. May 29, 2003 Popular Name: Act 218

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Section 500.2807, 500.2808 - Repealed. 1990, Act 305, Imd.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.

Section 500.2816-500.2824 - Repealed. 1990, Act 305, Imd. Eff. Dec. 14, 1990.

Section 500.2826 - Liability for Difference Between Actual Value of Property and Amount Expended to Repair, Rebuild, or Replace.

Section 500.2827 - Fire Policy Providing Reimbursement for Lost or Damaged Property; Maximum Liability; Cash Settlement; Payment of Amount in Excess of Actual Cash Value of Lost or Damaged Property.

Section 500.2828 - Repealed. 1990, Act 305, Imd. Eff. Dec. 14, 1990.

Section 500.2832 - Repealed. 1990, Act 305, Eff. Jan. 1, 1992.

Section 500.2833 - Fire Insurance Policy; Mandatory Provisions; Coverage.

Section 500.2834 - Fire Insurance Policy; Exclusion Related to Terrorism; Definition.

Section 500.2836 - Breach of Warranty or Condition as Defense; Payment of Losses.

Section 500.2840 - Repealed. 1990, Act 305, Imd. Eff. Dec. 14, 1990.

Section 500.2842 - Average or Pro Rata Clause; Form; Filing and Approval.

Section 500.2845 - Withholding 25% of Actual Cash Value or Final Settlement Where Loss to Insured Real Property Due to Fire or Explosion; Notice to City, Village, or Township Treasurer, Insured, and Mortgagee; Escrowing and Retaining Withheld Amount;...

Section 500.2850 - Repealed. 1962, Act 71, Eff. Mar. 28, 1963.

Section 500.2860 - Contrary Provision Void.

Section 500.2862 - Repealed. 1978, Act 219, Eff. Dec. 5, 1978.

Section 500.2866 - Violation of Chapter; Forfeiture and Disposition of Fine; Revocation of Authority to Transact Business; Reinstatement.