Sec. 7202.
Individuals, partnerships and public or private corporations of this state, hereby designated subscribers, are hereby authorized to exchange reciprocal or interinsurance contracts with each other or with individuals, partnerships and corporations of other states and countries providing indemnity among themselves and from any loss which may be insured against under other provisions of the laws, including employers' liability, workmen's compensation and accident insurance, and excepting life and health insurance.
History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1957, Act 91, Eff. Sept. 27, 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)
218-1956-72 - Chapter 72 Reciprocal Insurance Exchanges (500.7200...500.7234)
Section 500.7200 - Scope of Chapter.
Section 500.7202 - Reciprocal Insurance Exchanges; Insuring Powers.
Section 500.7206 - Reciprocal Insurance Exchanges; Execution of Contract by Attorney.
Section 500.7210 - Declaration; Bond.
Section 500.7214 - Reciprocal Insurance Exchanges; Actions and Suits.
Section 500.7222 - Repealed. 1994, Act 226, Imd. Eff. June 27, 1994.
Section 500.7226 - Reciprocal Insurance Exchanges; Corporation Empowered to Exchange Contracts.
Section 500.7234 - Reciprocal Insurance Exchanges; Filing of Fire, Lightning, or Windstorm Rates.