Sec. 7315.
In addition to the classes of investments authorized by chapter 9, any title insurer may invest in and hold interests in real estate acquired in the process of settling claims asserted under its title policies subject to the provisions of subsection (4) of section 948.
History: Add. 1966, Act 221, Imd. Eff. July 11, 1966 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)
218-1956-73 - Chapter 73 Title Insurers (500.7300...500.7318)
Section 500.7300 - Scope of Chapter.
Section 500.7301 - Definitions.
Section 500.7302 - Corporations Authorized to Transact Title Insurance.
Section 500.7303 - Prerequisites to Issuance of Certificate of Authority.
Section 500.7304 - Title Insurers; Powers.
Section 500.7305 - Unearned Premium Reserves.
Section 500.7306 - Claim Reserves; Requirements.
Section 500.7308 - Reinsurance; Authorization.
Section 500.7310 - Rating Organizations; Formation; Operation.
Section 500.7312 - Rates; Filing.
Section 500.7315 - Investments; Interests in Realty.
Section 500.7316 - Property Title Information Report.
Section 500.7317 - Licensing of Agents or Solicitors.
Section 500.7318 - Effect of Act on Prior Act; Liabilities; Penalties.