Michigan Compiled Laws
218-1956-29 - Chapter 29 Basic Property Insurance (500.2901...500.2954)
Section 500.2926-500.2929 - Repealed. 1971, Act 74, Eff. Aug. 1, 1971.

Compiler's Notes: The repealed sections pertained to liabilities, contributions, and insolvency of pool members.Popular Name: Act 218Popular Name: Essential Insurance

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)

218-1956-29 - Chapter 29 Basic Property Insurance (500.2901...500.2954)

Section 500.2901 - Definitions.

Section 500.2910 - Inspection of Property; Requests; Operation of Inspection Bureau.

Section 500.2912 - Issuing Insurance at Rate Requiring Consent Under MCL 500.2414 or 500.2614; Inspection; Sworn Statements; False Affidavits; Employing Services of Surplus Lines Agent; Forms of Sworn Statements; Descriptions of Rights.

Section 500.2920 - Michigan Basic Property Insurance Association or “Pool”; Membership; Plan of Operation and Amendments to Plan; Approval; Compliance; Designation of Members as Servicing Facilities; Reimbursement and Authority of Facility; Rules; Ri...

Section 500.2921 - Board of Governors as Manager of Pool; Appointment, Election, Qualifications, and Term of Members; Time of Election; Allotment of Votes; Increasing Number of Governors; Vacancy.

Section 500.2923 - Agents Writing Insurance on Behalf of Pool; Commissions; Losses.

Section 500.2924 - Underwriting Standards Employed in Determining Acceptable Risk for Basic Property Insurance; Basis of Underwriting Program for Home Insurance.

Section 500.2925 - Application to Pool for Basic Property Insurance; Form; Findings; Issuance of Policy; Reinsuring Policies; Statement Required if Risk Found Not Acceptable; Term of Policy; Renewal of Policy; Waiver of Inspection; Issuance and Term...

Section 500.2925a - Application to Pool for Home Insurance; Form; Findings; Issuance of Policy; Reinsuring Policies; Statement Required if Property or Applicant Not Qualified; Term of Policy; Renewal of Policy; Selection of Dwellings for Inspection;...

Section 500.2925b - Liability; Inspection; Enforcement by Commissioner.

Section 500.2925c - Notice of Rights to Obtain Home Insurance.

Section 500.2926-500.2929 - Repealed. 1971, Act 74, Eff. Aug. 1, 1971.

Section 500.2930 - Basic Property Insurance; Amount of Premium; Surcharge; Establishment of Rates; Filing Rates and Policy Forms.

Section 500.2930a - Rates Charged in Territory for Home Insurance; Conditions; Limitation on Premium for Repair Cost Policy; Development of Plans, Rules, Classifications, Territories, and Calculation Steps; Policy Forms; Filing; Definitions.

Section 500.2931 - Limitation on Annual Premiums Written by or on Behalf of Pool; Premium Ratios.

Section 500.2932 - Annual Rate of Assessment; Establishment; Purpose; Basis; Notice; Payment of Assessments; Estimating Assessable Premiums; Adjustment of Premium Rates; Annual Statement; Assessments as Income; Deficit or Surplus; Advance Assessments...

Section 500.2933 - Pool Exempted From Fees and Taxes; Exception.

Section 500.2939 - Reinsurance Permitted.

Section 500.2940 - Repealed. 2000, Act 486, Imd. Eff. Jan. 11, 2001.

Section 500.2941 - Pool; Supervision, Regulation and Examination.

Section 500.2942 - Liability for Statements Made in Reports, at Hearings, or in Findings; Reports of Inspection Bureau.

Section 500.2943 - Appeal to Insurance Commissioner; Hearing; Order.

Section 500.2950 - Repealed. 1971, Act 74, Eff. Aug. 1, 1971.

Section 500.2952 - Federal Riot Reinsurance Reimbursement Fund; Contents, Assessments, Reimbursements, Retroactive Effect.

Section 500.2954 - Determinations Made by Commissioner.