Michigan Compiled Laws
218-1956-29 - Chapter 29 Basic Property Insurance (500.2901...500.2954)
Section 500.2941 - Pool; Supervision, Regulation and Examination.

Sec. 2941.
The operation of the pool shall at all times be subject to the supervision and regulation of the commissioner. The commissioner, or any deputy or examiner, or any person whom he shall appoint, shall have the power of visitation and examination into the affairs of the pool and free access to all the books, papers and documents that relate to the business of the pool, may summon and qualify witnesses under oath, and may examine officers, agents or employees or any other person having knowledge of the affairs, transactions or conditions of the pool.
History: Add. 1968, Act 262, Eff. Aug. 1, 1968 Popular Name: Act 218Popular Name: Essential Insurance

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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.