Sec. 11.
The state insurance fund is abolished on June 30, 1965, and any unencumbered balance in the fund at that time shall revert to the several state funds in the same proportion as the last previous premium assessments against such funds.
History: Add. 1965, Act 365, Imd. Eff. July 23, 1965 Compiler's Notes: For transfer of authority, powers, duties, functions, and responsibilities of the insurance bureau and the commissioner of insurance to the commissioner of the office of financial and insurance services and the office of financial and insurance services, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.
Structure Michigan Compiled Laws
Chapter 550 - General Insurance Laws
Act 388 of 1913 - State Insurance (550.701 - 550.711)
Section 550.702, 550.703 - Repealed. 1965, Act 365, Imd. Eff. July 23, 1965.
Section 550.704 - Loss in Case of Damage; Fixing Amount.
Section 550.706 - Repealed. 1993, Act 199, Eff. Dec. 28, 1994.
Section 550.707, 550.708 - Repealed. 1965, Act 365, Imd. Eff. July 23, 1965.
Section 550.709 - Self-Liquidation Projects Exempted; Applicability of Act.
Section 550.710 - Election of Coverage.
Section 550.711 - State Insurance Fund Abolished; Reversion of Funds.