Sec. 7717.
There is no liability on the part of and a cause of action does not arise against a member insurer or an insurer's agents or employees, the association or the association's agents or employees, members of the board of directors, or the commissioner or his or her representatives for any action or omission by them in the performance of powers and duties under this act. This immunity shall extend to the participation in an organization of 1 or more other state associations of similar purposes and to the organization and its agents or employees.
History: Add. 1982, Act 194, Imd. Eff. June 28, 1982 ;-- Am. 1989, Act 302, Imd. Eff. Jan. 3, 1990 ;-- Am. 2006, Act 671, Imd. Eff. Jan. 10, 2007 Popular Name: Act 218Compiler's Notes: Enacting section 1(1) of Act 671 of 2006 provides:"Enacting section 1. (1) Sections 7702, 7704, 7705, 7706, 7707, 7708, 7709, 7711, 7712, 7714, and 7717 of the insurance code of 1956, 1956 PA 218, MCL 500.7702, 500.7704, 500.7705, 500.7706, 500.7707, 500.7708, 500.7709, 500.7711, 500.7712, 500.7714, and 500.7717, as amended by this amendatory act, apply to an insurer impairment or insurer insolvency proceeding commenced on or after the effective date of this amendatory act for which guaranty association coverage obligations are incurred."
Structure Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-77 - Chapter 77 (500.7701...500.7780)
Section 500.7701 - Short Title of Chapter.
Section 500.7702 - Purpose and Construction of Chapter.
Section 500.7704 - Coverages; Liability of Association; Limitations.
Section 500.7705 - Definitions.
Section 500.7709 - Assessments.
Section 500.7716 - Association Exempt From Fees and Taxes; Exception.
Section 500.7719 - Repealed. 1989, Act 302, Eff. Jan. 3, 1990.
Section 500.7780 - Applicability of Chapter to Delinquent Insurer.