reglab/housing_qa huggingface dataset:
MI Comp L § 500.7911a (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-79 - Chapter 79 Property and Casualty Guaranty Association (500.7901...500.7949)|Section 500.7911a - Life or Disability Insurer Not to Be Member of Association.

500.7911a Life or disability insurer not to be member of association. Sec. 7911a.  Notwithstanding section 7911, a life or disability insurer shall not be a member of the association. History: Add. 1982, Act 501, Imd. Eff. Dec. 31, 1982 ;-- Am. 1996, Act 548, Imd. Eff. Jan. 15, 1997 Popular Name: Act 218
MI Comp L § 500.7912 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-79 - Chapter 79 Property and Casualty Guaranty Association (500.7901...500.7949)|Section 500.7912 - Property and Casualty Guaranty Association; Board of Governors; Appointment, Terms, and Qualifications of Members; Vacancy.

500.7912 Property and casualty guaranty association; board of governors; appointment, terms, and qualifications of members; vacancy. Sec. 7912.  (1) The association shall be managed by a board of governors, composed of 5 member insurers and 2 persons representing the general public, each of whom shall be appointed by the commissioner to serve for terms of 3 years and until their successors are appointed and qualified. Three of the governors who are member insurers shall be domestic insurers and 2 shall be foreign insurers. At least 2 governors who are member insurers shall be stock insurers and at least 2 shall be nonstock insurers. The 5 governors who are member insurers shall be representative, as nearly as possible, of all the kinds of insurance covered by this chapter.  (2) In case of a vacancy for any reason in the office of any governor, the commissioner shall appoint a person to fill the unexpired term of the vacant office to maintain the membership of the board as required in subsection (1). History: Add. 1969, Act 277, Imd. Eff. Aug. 11, 1969 ;-- Am. 1982, Act 502, Eff. Mar. 30, 1983 Popular Name: Act 218
MI Comp L § 500.7914 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-79 - Chapter 79 Property and Casualty Guaranty Association (500.7901...500.7949)|Section 500.7914 - Property and Casualty Guaranty Association; Plan of Operation, Adoption, Amendment, Approval; Failure to Adopt Operation Plan.

500.7914 Property and casualty guaranty association; plan of operation, adoption, amendment, approval; failure to adopt operation plan. Sec. 7914.  (1) The association shall adopt a plan of operation and any amendments thereof, not inconsistent with the provisions of this chapter, necessary to assure the fair, reasonable and equitable manner of administering the association, and to provide for such other matters as are necessary or advisable to implement the provisions of this chapter. The plan of operation and any amendments thereof shall be subject to prior written approval by the commissioner. All members of the association shall adhere to the plan of operation.  (2) If for any reason the association fails to adopt a suitable plan of operation within 6 months following the effective date of this chapter, or if at any time thereafter the association fails to adopt suitable amendments to the plan of operation, the commissioner shall adopt and promulgate such reasonable rules as are necessary or advisable to effectuate the provisions of this act. Such rules shall continue in force until modified by the commissioner or superseded by a plan of operation adopted by the association and approved by the commissioner.  History: Add. 1969, Act 277, Imd. Eff. Aug. 11, 1969 Popular Name: Act 218
MI Comp L § 500.7916 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-79 - Chapter 79 Property and Casualty Guaranty Association (500.7901...500.7949)|Section 500.7916 - Property and Casualty Guaranty Association; Servicing Facilities; Designation; Reimbursement; Authority; Approval.

500.7916 Property and casualty guaranty association; servicing facilities; designation; reimbursement; authority; approval. 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
MI Comp L § 500.7918 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-79 - Chapter 79 Property and Casualty Guaranty Association (500.7901...500.7949)|Section 500.7918 - Property and Casualty Guaranty Association; Powers Generally.

500.7918 Property and casualty guaranty association; powers generally.Sec. 7918.  (1) The association may borrow funds when necessary to implement this act.  (2) The association, either in its own name or through a servicing facility, may sue or be sued, and may use the courts to assert or defend any rights the association may have under this chapter, to the extent necessary to fully exercise its rights and perform its duties under, and to implement, this chapter.  (3) The association may retain and employ legal counsel in its discretion to represent the association in all respects.  (4) The association may bring an action against any third party administrator, agent, attorney, or other representative of the insolvent insurer to obtain custody and control of all claims information, including all files, records, and electronic data related to an insolvent company that are appropriate or necessary for the association, or a similar association in other states, to carry out its duties under this act. The association shall have the absolute right through emergency equitable relief to obtain custody and control of all claims information in the custody or control of the third party administrator, agent, attorney, or other representative of the insolvent insurer, regardless of where the information may be physically located. In bringing the action, the association is not subject to any defense, lien, possessory or otherwise, or other legal or equitable ground for refusal to surrender claims information that might be asserted against the liquidator of the insolvent insurers. If litigation is necessary for the association to obtain custody of the claims information requested and it results in the relinquishment of claims information to the association after refusal to provide the information in response to a written demand, the court shall award the association its costs, expenses, and reasonable attorney fees incurred in bringing the action. This section does not affect the rights and remedies that the custodian of the claims information may have against the insolvent insurers, so long as those rights and remedies do not conflict with the rights of the association to custody and control of the claims information under this act.  (5) Upon request of the commissioner, consent of the association, and appointment by the court, the association may act as deputy receiver in delinquency proceedings under chapter 81. History: Add. 1969, Act 277, Imd. Eff. Aug. 11, 1969 ;-- Am. 1980, Act 41, Imd. Eff. Mar. 17, 1980 ;-- Am. 2001, Act 182, Imd. Eff. Dec. 21, 2001 ;-- Am. 2006, Act 364, Imd. Eff. Sept. 18, 2006 Popular Name: Act 218
MI Comp L § 500.7921 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-79 - Chapter 79 Property and Casualty Guaranty Association (500.7901...500.7949)|Section 500.7921 - “Insolvent Insurer” and “Member Insurer” Defined.

500.7921 “Insolvent insurer” and “member insurer” defined.Sec. 7921.  As used in this chapter:   (a) "Insolvent insurer" means an insurer which has been a member insurer and against whom a final order of liquidation has been entered with a finding of insolvency by a court of competent jurisdiction in the insurer's state of domicile. The date on which the order becomes final shall be the date on which all appeals of the finding of insolvency are exhausted. If the finding of insolvency in the order of liquidation is not appealed, the order of liquidation shall be considered final on the date the order was issued.  (b) "Member insurer" means an insurer required to be a member of the association pursuant to section 7911. History: Add. 1969, Act 277, Imd. Eff. Aug. 11, 1969 ;-- Am. 1980, Act 41, Imd. Eff. Mar. 17, 1980 ;-- Am. 1989, Act 302, Imd. Eff. Jan. 3, 1990 ;-- Am. 1990, Act 137, Eff. June 29, 1990 ;-- Am. 1993, Act 200, Eff. Dec. 28, 1994 ;-- Am. 2006, Act 363, Imd. Eff. Sept. 18, 2006 Compiler's Notes: Section 3 of Act 200 of 1993 provides as follows:“Section 3. This amendatory act shall not take effect unless the state administrative board certifies in writing to the secretary of state by December 31, 1994 that an agreement for the transfer of all or substantially all of the assets and the assumption of all or substantially all of the liabilities of the state accident fund has been consummated with a permitted transferee pursuant to the requirements of section 701a of the worker's disability compensation act of 1969, Act No. 317 of the Public Acts of 1969, being section 418.701a of the Michigan Compiled Laws.”Popular Name: Act 218
MI Comp L § 500.7933 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-79 - Chapter 79 Property and Casualty Guaranty Association (500.7901...500.7949)|Section 500.7933 - Financial Condition of Member Insurer; Reports and Recommendations; Advice to Commissioner; Exemption From Public Disclosure.

500.7933 Financial condition of member insurer; reports and recommendations; advice to commissioner; exemption from public disclosure. Sec. 7933.  (1) The association may submit reports and make recommendations to the commissioner regarding the financial condition of any member insurer. The reports and recommendations shall not be considered public documents.  (2) After the commissioner has entered an order restricting the certificate of authority of an insurer, the association shall render advice to the commissioner, upon his or her request, concerning rehabilitation, payment of claims, continuation of coverage, or the performance of other obligations of the insurer.  (3) Any reports, recommendations, and advice prepared in compliance with this section shall be exempt from public disclosure. History: Add. 1969, Act 277, Imd. Eff. Aug. 11, 1969 ;-- Am. 1980, Act 41, Imd. Eff. Mar. 17, 1980 Popular Name: Act 218
MI Comp L § 500.7935 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-79 - Chapter 79 Property and Casualty Guaranty Association (500.7901...500.7949)|Section 500.7935 - Cooperation of Insured With Association; Assignment of Rights; Indemnification From Catastrophic Claims Association; Options.

500.7935 Cooperation of insured with association; assignment of rights; indemnification from catastrophic claims association; options. Sec. 7935.  (1) Each insured entitled to the protection of this chapter shall cooperate with the association in accordance with the insured's policy in the same manner as the insured would have been required to cooperate with his or her insurer if it were not in receivership. Each insured shall be considered to have assigned to the association any right to make claim against the receiver for a refund of unearned premium for the period of coverage provided by the association beginning on the date of receivership.   (2) An insured or claimant entitled to the benefits of this chapter shall be considered to have assigned to the association, to the extent of any payment received from the association, his or her rights against the estate of the insolvent insurer, rights under the policy under which his or her claim arose, and any other rights the insured or claimant may have against another person for payment of the covered claim paid by the association.  (3) The association shall be entitled to receive, to the extent of the amount paid or payable by the association by reason of a covered claim, any amount recoverable by the receiver or the insolvent insurer by way of right of indemnification from the catastrophic claims association created in section 3104.   (4) The association shall be entitled to any option to take possession of, right of salvage in, or other right to proceeds from the sale or disposition of insured property which is the subject matter of a covered claim, to which the insolvent insurer would have been entitled had it paid the claim. History: Add. 1969, Act 277, Imd. Eff. Aug. 11, 1969 ;-- Am. 1980, Act 41, Imd. Eff. Mar. 17, 1980 Popular Name: Act 218
MI Comp L § 500.7945 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-79 - Chapter 79 Property and Casualty Guaranty Association (500.7901...500.7949)|Section 500.7945 - Stay of Proceedings.

500.7945 Stay of proceedings.Sec. 7945.  (1) All proceedings in any court of law of this state to which the insolvent insurer is a party, or in which the insolvent insurer is obligated to defend or has assumed the defense of a party, shall be stayed for 6 months after the date a receiver is appointed, and for any additional time as determined by the court that has jurisdiction over those proceedings, to permit proper defense of all pending causes of action.  (2) All proceedings in any administrative tribunal, including worker's compensation proceedings, to which the insolvent insurer is a party, or in which the insolvent insurer is obligated to defend or has assumed the defense of a party, shall be stayed for such length of time after the date a receiver is appointed, as determined by the administrative tribunal that has jurisdiction over those proceedings. The administrative tribunal shall grant a stay for each affected proceeding, as necessary, to provide the association with sufficient time to prepare a proper defense in the proceeding. History: Add. 1969, Act 277, Imd. Eff. Aug. 11, 1969 ;-- Am. 1980, Act 41, Imd. Eff. Mar. 17, 1980 ;-- Am. 2006, Act 359, Imd. Eff. Sept. 18, 2006 Popular Name: Act 218
MI Comp L § 500.7947 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-79 - Chapter 79 Property and Casualty Guaranty Association (500.7901...500.7949)|Section 500.7947 - Tax Exemption.

500.7947 Tax exemption. Sec. 7947.  The association shall be exempt from all license fees, income, franchise, privilege or occupation taxes levied or assessed by this state, any municipality, county or other political subdivision of the state, except state, county or municipal taxes upon the real or personal property of the association, which is to be assessed and taxed in the same manner as real property and personal property of other nonexempt persons. History: Add. 1969, Act 277, Imd. Eff. Aug. 11, 1969 Popular Name: Act 218
MI Comp L § 500.7948 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-79 - Chapter 79 Property and Casualty Guaranty Association (500.7901...500.7949)|Section 500.7948 - Liability.

500.7948 Liability. Sec. 7948.  There shall not be liability on the part of and a cause of action of any nature shall not arise against any member insurer, the association, agents or employees of the association, the board of governors, or the commissioner or representatives of the commissioner for any action taken by them in the exercise of their powers and performance of their duties under this chapter. History: Add. 1980, Act 41, Imd. Eff. Mar. 17, 1980 Popular Name: Act 218
MI Comp L § 500.7949 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-79 - Chapter 79 Property and Casualty Guaranty Association (500.7901...500.7949)|Section 500.7949 - Insurance Commissioner; Regulatory Powers; Visitation; Examination; Hearings.

500.7949 Insurance commissioner; regulatory powers; visitation; examination; hearings. Sec. 7949.  (1) The operation of the association at all times shall be subject to the regulation of the commissioner. The commissioner, or any deputy or examiner, or any person whom the commissioner appoints, shall have the power of visitation and examination into the affairs of the association and free access to all books, papers and documents that relate to the business of the association, may summon and qualify witnesses under oath, and may examine officers, agents or employees or any other person having knowledge of the affairs, transactions or conditions of the association.  (2) Any member insurer aggrieved by any action or decision of the association may appeal to the commissioner within 30 days from the action or decision. Proceedings under this section are subject to the provisions of Act No. 197 of the Public Acts of 1952, as amended, being sections 24.101 to 24.110 of the Compiled Laws of 1948. History: Add. 1969, Act 277, Imd. Eff. Aug. 11, 1969 Popular Name: Act 218
MI Comp L § 500.8000-500.8095 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-80 - Chapter 80 Fraternal Benefit Societies (500.8000...500.8095)|Section 500.8000-500.8095 - Repealed. 1969, Act 318, Eff. Mar. 20, 1970;—1990, Act 1, Eff. Apr. 1, 1990.

500.8000-500.8095 Repealed. 1969, Act 318, Eff. Mar. 20, 1970;—1990, Act 1, Eff. Apr. 1, 1990. Popular Name: Act 218
MI Comp L § 500.8101 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-81 - Chapter 81 Supervision, Rehabilitation, and Liquidation (500.8101...500.8160)|Section 500.8101 - Construction and Purpose of Chapter.

500.8101 Construction and purpose of chapter.  Sec. 8101.  (1) This chapter shall not be interpreted to limit the powers granted the commissioner by other provisions of this code.   (2) This chapter shall be liberally construed to effect the purpose stated in subsection (3).  (3) The purpose of this chapter is the protection of the interests of insureds, claimants, creditors, and the public with minimum interference with the normal prerogatives of the owners and managers of insurers, through the following:  (a) Early detection of potentially dangerous conditions in an insurer and prompt application of appropriate corrective measures.  (b) Improved methods for rehabilitating insurers, involving the cooperation and management expertise of the insurance industry.  (c) Enhanced efficiency and economy of liquidation to minimize legal uncertainty and litigation.  (d) Equitable apportionment of unavoidable loss.  (e) Lessening the problems of interstate rehabilitation and liquidation by facilitating cooperation between states in the liquidation process and by extending the scope of personal jurisdiction over debtors of the insurer outside this state.   (f) Regulation of the insurance business relating to delinquency procedures and rules on the entire insurance business.  (4) This chapter does not apply to insurers that are subject to delinquency proceedings commenced prior to January 1, 1990. Delinquency proceedings commenced prior to January 1, 1990, shall be conducted pursuant to former chapter 78. History: Add. 1989, Act 302, Imd. Eff. Jan. 3, 1990 Popular Name: Act 218
MI Comp L § 500.8102 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-81 - Chapter 81 Supervision, Rehabilitation, and Liquidation (500.8101...500.8160)|Section 500.8102 - Applicability of Proceedings Authorized by Chapter.

500.8102 Applicability of proceedings authorized by chapter. Sec. 8102.  The proceedings authorized by this chapter may be applied to:  (a) An insurer who is transacting, or has transacted, insurance business in this state, and against whom claims arising from that business may exist now or in the future.   (b) An insurer who purports to transact an insurance business in this state.  (c) An insurer who has insureds resident in this state.  (d) All other persons organized or in the process of organizing with the intent to transact an insurance business in this state. History: Add. 1989, Act 302, Imd. Eff. Jan. 3, 1990 Popular Name: Act 218
MI Comp L § 500.8104 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-81 - Chapter 81 Supervision, Rehabilitation, and Liquidation (500.8101...500.8160)|Section 500.8104 - Commencement of Delinquency Proceeding; Jurisdiction; Stay of Proceedings.

500.8104 Commencement of delinquency proceeding; jurisdiction; stay of proceedings. Sec. 8104.  (1) A delinquency proceeding shall not be commenced under this chapter by anyone other than the commissioner of this state and a court shall not have jurisdiction to entertain, hear, or determine a proceeding commenced by any other person.  (2) A court of this state shall not have jurisdiction to entertain, hear, or determine a complaint praying for the dissolution, liquidation, rehabilitation, sequestration, conservation, or receivership of an insurer; or praying for an injunction or restraining order or other relief preliminary to, incidental to, or relating to such proceedings other than in accordance with this chapter.  (3) The circuit court for Ingham county shall have sole jurisdiction of a delinquency proceeding commenced under this chapter. In addition to other grounds for jurisdiction provided by the law of this state, the circuit court for Ingham county shall also have jurisdiction over a person served pursuant to the applicable provisions of law in an action brought by the receiver of a domestic insurer or an alien insurer domiciled in this state, if any of the following apply:   (a) The person served is obligated to the insurer as incident to an agency or brokerage arrangement that may exist or has existed between the insurer and the agent or broker, in an action on or incident to the obligation.  (b) The person served is a reinsurer who has at any time written a policy of reinsurance for an insurer against which a rehabilitation or liquidation order is in effect when the action is commenced, or is an agent or broker of or for the reinsurer, in an action on or incident to the reinsurance contract.  (c) The person served is or has been an officer, manager, trustee, organizer, promoter, or person in a position of comparable authority or influence on an insurer against which a rehabilitation or liquidation order is in effect when the action is commenced, in an action resulting from such a relationship with the insurer.   (4) If the court on motion of any party finds that any action should as a matter of substantial justice be tried in a forum outside this state, the court may enter an appropriate order to stay further proceedings on the action in this state. History: Add. 1989, Act 302, Imd. Eff. Jan. 3, 1990 Popular Name: Act 218