Sec. 6512.
The commissioner shall require a limited liability pool formed under this chapter to certify annually the loss reserves of the pool by an actuary approved by the commissioner.
History: Add. 1990, Act 350, Imd. Eff. Dec. 26, 1990 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)
218-1956-65 - Chapter 65 Limited Liability Pools (500.6500...500.6550)
Section 500.6500 - Applicability of Chapter.
Section 500.6502 - Formation of Limited Liability Pool; Purpose.
Section 500.6506 - Powers of Limited Liability Pool; Limitation.
Section 500.6510 - Commencement of Business; Pool Not Subject to MCL 500.410.
Section 500.6512 - Limited Liability Pool; Formation; Purpose.
Section 500.6514 - Limited Liability Pool; Rates.
Section 500.6516 - Limited Liability Pool; Underwriting Rules.
Section 500.6517 - Limited Liability Pool; Reinsurance.
Section 500.6522 - Insured Person as Member of Pool; Voting Rights; Quorum; Inspection of Books.
Section 500.6532 - Reserves for Unearned Premiums.
Section 500.6534 - Contingency Reserve; Deposit With State Treasurer; Use of Deposit.