Sec. 3006.
In such liability insurance policies there shall be a provision that the insolvency or bankruptcy of the person insured shall not release the insurer from the payment of damages for injury sustained or loss occasioned during the life of such policy, and stating that in case execution against the insured is returned unsatisfied in an action brought by the injured person, or his or her personal representative in case death results from the accident, because of such insolvency or bankruptcy, then an action in the nature of a writ of garnishment may be maintained by the injured person, or his or her personal representative, against such insurer under the terms of the policy for the amount of the judgment in the said action not exceeding the amount of the policy.
History: 1956, Act 218, Eff. Jan. 1, 1957 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)
218-1956-30 - Chapter 30 Casualty Insurance Contracts (500.3004...500.3037)
Section 500.3004 - Liability Insurance Policies; Contents Required.
Section 500.3006 - Liability Insurance Policies; Insolvency or Bankruptcy of Insured.
Section 500.3008 - Liability Insurance Policies; Notice to Insurer.
Section 500.3012 - Liability Insurance Policy; Noncomplying Forms, Defenses of Insurer.
Section 500.3015 - Repealed. 1991, Act 191, Eff. Apr. 1, 1992.
Section 500.3021 - Liability Insurance Policy; Prohibits Age Discrimination, Conditions.