reglab/housing_qa huggingface dataset:
MI Comp L § 500.6612 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-66 - Chapter 66 Railway Employees, and Life, Disability Insurers (Domestic, Stock) (500.6600...500.6616)|Section 500.6612 - Applicability of Chapter.

500.6612 Applicability of chapter. Sec. 6612.  Such provisions of this code as are applicable to domestic stock insurers transacting life, disability, or casualty insurances as are not inconsistent with, or in conflict with provisions of this chapter are hereby made applicable to the operation of any insurer organized under the provisions of this chapter.  History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.6616 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-66 - Chapter 66 Railway Employees, and Life, Disability Insurers (Domestic, Stock) (500.6600...500.6616)|Section 500.6616 - Railway Employees' Loss of Position Insurance; Limit of Liability; Application.

500.6616 Railway employees' loss of position insurance; limit of liability; application. Sec. 6616.  (1) All contracts insuring railway employees against loss of position or of wages resulting from discharge, suspension or retirement shall contain a provision, in form approved by the commissioner, limiting the liability under said contract to an amount not greater than the average monthly wages earned at the effective date of the policy contract, and in the event that more than 1 contract shall be in force, to its pro rata share of said loss. No insurer shall solicit, by advertising or otherwise, where the risk to be insured against is covered by a prior policy in force with another insurer, the writing of a contract wherein the insured shall recover under its contract any more than the pro rata share of the loss as herein provided.  (2) All contracts providing for such insurance shall be written only after a written application therefor shall be signed by the applicant wherein he shall be required to state whether he has similar coverage with another company and the amount of his average monthly wages.  (3) The provisions of this section shall be applicable to all insurers organized under or admitted to do business within the state of Michigan under the provisions of Act No. 256 of the Public Acts of 1917, as amended, or under the provisions of this code: Provided, That contracts of insurance, in force as of July 30, 1943, shall not be altered, amended or affected in any way by reason of the provisions of this section. History: 1956, Act 218, Eff. Jan. 1, 1957 Compiler's Notes: Act 256 of 1917, referred to in this section, was repealed by Act 218 of 1956 .Popular Name: Act 218
MI Comp L § 500.6800 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6800 - Scope of Chapter; Code Applicability to Domestic Farmers' Mutual Insurers.

500.6800 Scope of chapter; code applicability to domestic farmers' mutual insurers. Sec. 6800.  (1) This chapter applies only to domestic farmers' mutual insurers and to the other domestic mutual insurers organized and transacting insurance upon property under this chapter.  (2) No provision or provisions of this insurance code not contained in or referred to in this chapter shall be applicable as to any such insurer. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.6802 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6802 - Formation of Mutual Plan Insurers.

500.6802 Formation of mutual plan insurers.  Sec. 6802.  Companies may be incorporated upon the mutual plan to insure against loss and damage by fire, lightning, cyclones, windstorms, tornadoes, hail, riot, riot attending a strike, aircraft, smoke, vehicles and death of livestock from any cause, by complying with the provisions of this chapter as provided in the succeeding sections. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.6804 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6804 - Farmers' Mutuals; Organization; Insuring Powers.

500.6804 Farmers' mutuals; organization; insuring powers. Sec. 6804.  Any number of persons not less than 25 may associate together for the purpose of mutual insurance of the property of its members against loss or damage by inherent explosion, fire, lightning, riot, riot attending a strike, aircraft, smoke or vehicles, which property to be insured by companies organized or operating under this section shall embrace only farm property or property located in a village or city of less than 5,500 inhabitants used by a farmer exclusively for his own storage purposes, which property is not associated in any way with any retail, wholesale or processing operation, country churches, schoolhouses, lodge halls and town halls and their contents, in any township; and churches, schoolhouses and dwellings and accompanying outbuildings and their contents situated within the corporate limits of cities or villages having a population not in excess of 5,500 inhabitants; and any buildings and contents, located on county agricultural fairgrounds, used for fair purposes or for boys and girls club work: Provided, That such property has adequate fire protection.  History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1957, Act 168, Eff. Sept. 27, 1957 Popular Name: Act 218
MI Comp L § 500.6806 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6806 - Company Organized or Operating Under MCL 500.6804; Limit of Risk.

500.6806 Company organized or operating under MCL 500.6804; limit of risk. Sec. 6806.  No company organized or operating under section 6804 shall carry an insurance or assume a liability on any single hazard in excess of the amount set forth in section 640. History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1994, Act 226, Imd. Eff. June 27, 1994 Popular Name: Act 218
MI Comp L § 500.6807 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6807 - Farmers' Mutuals; Coverage of Property While Off Insured Premises.

500.6807 Farmers' mutuals; coverage of property while off insured premises. Sec. 6807.  In the absence of any charter provision or bylaw to the contrary, the terms of a policy issued by any company organized or operating under section 6804 shall be construed to cover any loss or damage by fire or lightning to any insured farm vehicle and its contents while located in any building not insurable by said company, provided said property shall have been absent from the insured owners' premises not more than 10 days and continuously in said uninsurable building not more than 48 hours. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.6810-500.6820 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6810-500.6820 - Repealed. 1994, Act 226, Imd. Eff. June 27, 1994.

500.6810-500.6820 Repealed. 1994, Act 226, Imd. Eff. June 27, 1994. Compiler's Notes: The repealed sections pertained to organization and insuring powers of certain mutuals.Popular Name: Act 218
MI Comp L § 500.6822 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6822 - Certificate of Authority; Required to Transact Business; Expiration; Renewal; Revocation; Qualification for Certificate of Authority or Commencing Business.

500.6822 Certificate of authority; required to transact business; expiration; renewal; revocation; qualification for certificate of authority or commencing business. Sec. 6822.  (1) An insurance company organized or operating under this chapter shall not transact any business without a certificate of authority from the commissioner.  (2) All such certificates of authority shall expire on the last day of June of each year and shall be renewed annually upon full compliance with the provisions of this chapter, and such certificates of authority shall be revocable by the commissioner for violation of any of the provisions of this chapter after due notice to the company and a hearing on the question of the violation.  (3) An insurance company hereafter organized under this chapter shall not be granted a certificate of authority and shall not commence business until bona fide agreements have been entered into for insurance with at least 200 individuals covering property to be insured to the amount of not less than $500,000.00.  History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1994, Act 226, Imd. Eff. June 27, 1994 Popular Name: Act 218
MI Comp L § 500.6823 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6823 - Property Insurance; Territorial Limitations.

500.6823 Property insurance; territorial limitations. Sec. 6823.  No company shall hereafter be organized under the provisions of this chapter for the purpose of insuring property other than that mentioned in section 6804. Any mutual insurance company whose business is limited by law or its charter to 1 or more counties, may provide in its charter or by amendment to its charter for insuring for its resident members any real or personal property owned by them and situated outside the county or counties in which the company is authorized to insure but in an adjoining county and may also provide for extending the insurance on personal property that may be temporarily absent not to exceed 6 months in a county adjoining a county or counties in which the company is authorized to do business, during which time the insurance on the personal property shall be in force as fixed in the company's charter or bylaws, so long as upon the adoption of any such article or amendment, the same shall automatically extend to all existing policies of the company, and that the insurance is subject to the same limitations as provided in section 6804. History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1994, Act 226, Imd. Eff. June 27, 1994 Popular Name: Act 218
MI Comp L § 500.6824 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6824 - Reinsurance; Limitations.

500.6824 Reinsurance; limitations. Sec. 6824.  Any company organized or operating under this chapter whose business is limited by law or by its charter to 1 or more counties may provide in its charter or by amendment to its charter for assuming reinsurance from other companies on property located anywhere within the state: Provided, however, That no reinsurance shall be accepted of a different kind or on a different class of property than the company is by its charter permitted to write direct. The company ceding such reinsurance shall not, by virtue of such reinsurance, become a member of the company assuming the reinsurance nor shall the ceding company assume any contingent liability for assessment unless otherwise provided by written agreement. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.6826 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6826 - Records and Reports; Requirements.

500.6826 Records and reports; requirements.  Sec. 6826.  All companies organized or operating under this chapter shall keep such reasonable records and make such reports as the commissioner shall require. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.6828 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6828 - Financial Report to Members; Penalty for Violations.

500.6828 Financial report to members; penalty for violations. Sec. 6828.  (1) It shall be the duty of the secretary of each mutual insurance company doing business in this state under the authority of this chapter to make out and deliver by mail or otherwise to the last known post office address as shown by the company's records each year to each individual member of such company a copy of the financial report required by law to be made by such company to the commissioner.  (2) Any person, being a resident of this state, acting as secretary of any such mutual insurance companies, doing business in this state, who shall wilfully refuse, or neglect to make out and deliver the reports, as provided in subsection (1), above, shall be deemed guilty of a misdemeanor, and on conviction thereof, shall be subject to a fine of not more than $100.00. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.6830 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6830 - Directors and Officers; Election.

500.6830 Directors and officers; election.  Sec. 6830.  A company hereafter organized under this chapter shall provide in its articles of incorporation that its directors shall be elected by its members and that its officers shall be elected by its board of directors. The secretary or manager of the company may or may not be a member of the board of directors or a member of the company. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.6834 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6834 - Corporation, Board, or Association as Member.

500.6834 Corporation, board, or association as member. Sec. 6834.  Whenever any public or private corporation, board or association in this state has entered into an agreement for and holds a policy in any mutual insurance company operating under this chapter, any officer, stockholder, or trustee of any such corporation, board or association who may be designated by such corporation, board or association, may be recognized as acting for or on its behalf for the purpose of such membership, but shall not be personally liable upon such contract of insurance by reason of acting in such representative capacity. The right of any corporation organized under the laws of this state to participate as a member of any such mutual insurance company is hereby declared to be incidental to the purpose for which such corporation is organized and as much granted as the rights and powers expressly conferred. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.6838 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6838 - Premium Notes and Assessments; Liens.

500.6838 Premium notes and assessments; liens. Sec. 6838.  The articles of incorporation and bylaws of any such company organized under or subject to the provisions of this chapter, may provide for the receiving of applications or agreements from its members for insurance, with or without taking from the insured any premium note or notes; and it shall be lawful for such mutual insurance companies, to make assessments upon such agreements, or policies issued thereon, or upon the premium note or notes, as the case may be, pro rata, according to the amount of such agreement or policies, or premium note or notes for the payment of the losses and expense incurred by such companies, and all such premium notes, or agreements, or assessments, shall be a lien upon the property insured to the amount of such note, notes, agreements, assessments, costs and interest thereon. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.6840 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6840 - Levy of Assessment; Deficit; Farmers' Mutuals; Advance Premiums; Surplus; Membership Fees; Nonassignable Policies.

500.6840 Levy of assessment; deficit; farmers' mutuals; advance premiums; surplus; membership fees; nonassignable policies.  Sec. 6840.  (1) It shall be the duty of the president and secretary or other executive officer or officers having power to levy assessments, of each and every mutual insurance company doing business in this state under authority of this chapter to levy an assessment on the members according to classification thereof, sufficient to cover all liability of the company at each and every assessment: Provided, however, That the commissioner may if he deems it advisable grant authority to carry forward a portion of any deficit. Any deficit carried over must be included in the assessment levied during the year immediately following.  (2) It shall be unlawful for any mutual fire insurance company incorporated under the provisions of section 6804 (farmers' mutuals) to conduct its business on the delayed assessment plan and authority is hereby given for mutual insurance companies incorporated under this chapter to collect an advance premium ratably assessed against the membership of an amount which shall be estimated as sufficient to pay each member's proportionate share of the losses and expenses of the company for the ensuing 12 months or lesser period as prescribed by the articles of incorporation of the company, and to provide for surplus funds as permitted in section 6844.  (3) The amount of membership fee collected per $100.00 of insurance by a mutual insurance company incorporated under the provisions of this chapter at the time of issuing a policy for a new member or increasing a policy shall be uniform for all companies on the same class of business and shall be prescribed by the commissioner upon agreement on the amount of such membership fee by a majority of the companies writing each separate class. Such fee shall be the only fee collected in addition to the advance premium. No new membership fee shall be charged for a policy reinstated within 6 months of the date such policy was cancelled: Provided further, That any mutual fire insurance company doing business in this state under authority of this chapter and operating upon the advance premium plan while having a surplus at least equal to $200,000.00 may issue an insurance policy which shall provide that the member insured shall not be liable for an additional assessment during the period for which an advance premium has been paid, and in no event shall the holder of any such policy be liable to the company for a greater amount than the advance premium charged for that period. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.6842 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6842 - Failure to Make Assessment; Penalty.

500.6842 Failure to make assessment; penalty.  Sec. 6842.  Any person being a resident of this state, acting as president, secretary or other officer of any such mutual insurance company, doing business in this state under authority of this chapter, who shall wilfully refuse, or neglect to make assessments as provided in section 6840 shall be deemed guilty of a misdemeanor, and upon conviction thereof shall be punished by a fine not exceeding $1,000.00 nor less than $500.00, or by imprisonment in the county jail not less than 6 months nor more than 1 year, or both such fine and imprisonment in the discretion of the court. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.6844 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6844 - Surplus Fund; Accumulation.

500.6844 Surplus fund; accumulation. Sec. 6844.  Any company organized or operating under this chapter may provide in its charter or by amendment to its charter for the collection of assessments and/or premiums in excess of the amount required to cover current losses and expenses, for the purpose of accumulating a surplus fund. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.6846 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6846 - Board of Directors; Borrowing Power.

500.6846 Board of directors; borrowing power. Sec. 6846.  The board of directors of any company organized or operating under this chapter may borrow money for the purpose of paying losses and expenses. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.6848 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-68 - Chapter 68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886)|Section 500.6848 - Unearned Premium Reserve; Refund.

500.6848 Unearned premium reserve; refund.  Sec. 6848.  Any company organized or operating under this chapter upon the advance premium plan, shall maintain and set aside as a liability an unearned premium reserve upon the same basis as that required of domestic stock insurance companies transacting the same kind of business. Such companies shall provide in their policy for the refund of the unearned premium in case of cancellation for any cause. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218