Sec. 6838.
The articles of incorporation and bylaws of any such company organized under or subject to the provisions of this chapter, may provide for the receiving of applications or agreements from its members for insurance, with or without taking from the insured any premium note or notes; and it shall be lawful for such mutual insurance companies, to make assessments upon such agreements, or policies issued thereon, or upon the premium note or notes, as the case may be, pro rata, according to the amount of such agreement or policies, or premium note or notes for the payment of the losses and expense incurred by such companies, and all such premium notes, or agreements, or assessments, shall be a lien upon the property insured to the amount of such note, notes, agreements, assessments, costs and interest thereon.
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)
Section 500.6800 - Scope of Chapter; Code Applicability to Domestic Farmers' Mutual Insurers.
Section 500.6802 - Formation of Mutual Plan Insurers.
Section 500.6804 - Farmers' Mutuals; Organization; Insuring Powers.
Section 500.6806 - Company Organized or Operating Under MCL 500.6804; Limit of Risk.
Section 500.6807 - Farmers' Mutuals; Coverage of Property While Off Insured Premises.
Section 500.6810-500.6820 - Repealed. 1994, Act 226, Imd. Eff. June 27, 1994.
Section 500.6823 - Property Insurance; Territorial Limitations.
Section 500.6824 - Reinsurance; Limitations.
Section 500.6826 - Records and Reports; Requirements.
Section 500.6828 - Financial Report to Members; Penalty for Violations.
Section 500.6830 - Directors and Officers; Election.
Section 500.6834 - Corporation, Board, or Association as Member.
Section 500.6838 - Premium Notes and Assessments; Liens.
Section 500.6842 - Failure to Make Assessment; Penalty.
Section 500.6844 - Surplus Fund; Accumulation.
Section 500.6846 - Board of Directors; Borrowing Power.
Section 500.6848 - Unearned Premium Reserve; Refund.
Section 500.6850 - Investments; Real Estate; Agricultural Credit Corporation Membership.
Section 500.6854 - Insurance in Excess of Fair Value Prohibited.
Section 500.6856 - Maximum Amount Recoverable on Face of Policy; Premium, Assessments.
Section 500.6858 - Adjustment or Arbitration of Losses; Subpoenas to Witnesses; Notice.
Section 500.6859 - Adjustment or Arbitration of Losses; Service of Subpoenas; Fees.
Section 500.6860 - Adjustment or Arbitration of Losses; Compelling Attendance of Witness; Costs.
Section 500.6862 - Adjustment or Arbitration of Losses; Administration of Oath to Witness; Perjury.
Section 500.6864 - Limitation of Actions.
Section 500.6866 - Uniform Farm Mutual Fire Policy.
Section 500.6868 - Uniform Farm Mutual Fire Policy; Required Form.
Section 500.6869 - Uniform Farm Mutual Fire Policy; Conflicting Bylaws, Riders.
Section 500.6870 - Uniform Farm Mutual Fire Policy; Optional Provisions.
Section 500.6872 - Uniform Farm Mutual Fire Policy; Rate, Premium, Assessment, Expiration.
Section 500.6876 - Repealed. 1963, Act 53, Eff. Sept. 6, 1963.
Section 500.6886 - Additional Provisions of Code Applicable to Domestic Mutual Insurers.