Sec. 7916.
In accordance with its plan of operation the association may designate 1 or more of its members as servicing facilities but a member may decline such designation. Each servicing facility shall be reimbursed by the association for any expenses it incurs and for any payments it makes on behalf of the association. Each servicing facility shall have authority to perform any functions of the association that the governors lawfully may delegate to it and to do so on behalf of and in the name of the association. The designation of servicing facilities shall be subject to the approval of the commissioner.
History: Add. 1969, Act 277, Imd. Eff. Aug. 11, 1969 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)
218-1956-79 - Chapter 79 Property and Casualty Guaranty Association (500.7901...500.7949)
Section 500.7901 - Property and Casualty Guaranty Association Act; Short Title.
Section 500.7911a - Life or Disability Insurer Not to Be Member of Association.
Section 500.7918 - Property and Casualty Guaranty Association; Powers Generally.
Section 500.7921 - “Insolvent Insurer” and “Member Insurer” Defined.
Section 500.7925 - “Covered Claims” Defined; Definitions.
Section 500.7945 - Stay of Proceedings.
Section 500.7947 - Tax Exemption.
Section 500.7949 - Insurance Commissioner; Regulatory Powers; Visitation; Examination; Hearings.