reglab/housing_qa huggingface dataset:
MI Comp L § 500.7316 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-73 - Chapter 73 Title Insurers (500.7300...500.7318)|Section 500.7316 - Property Title Information Report.

500.7316 Property title information report. Sec. 7316.  A title agency or insurer may provide a property title information report. A property title information report shall be provided without payment or consideration of any kind and without any promise to obtain from the title insurer a title insurance policy for the property for which the title insurance report was prepared. If a property title information report is provided under this section, the property title information report shall disclose that it was provided without payment or consideration of any kind and that it was provided without any promise to obtain from the title insurer a title insurance policy. History: Add. 1996, Act 566, Imd. Eff. Jan. 16, 1997 Popular Name: Act 218
MI Comp L § 500.7317 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-73 - Chapter 73 Title Insurers (500.7300...500.7318)|Section 500.7317 - Licensing of Agents or Solicitors.

500.7317 Licensing of agents or solicitors.  Sec. 7317.  Persons acting as agents or solicitors for a title insurer shall be licensed in such capacities and subject to the applicable provisions of chapter 12. History: Add. 1966, Act 221, Imd. Eff. July 11, 1966 ;-- Am. 1972, Act 133, Eff. Mar. 30, 1973 Popular Name: Act 218
MI Comp L § 500.7318 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-73 - Chapter 73 Title Insurers (500.7300...500.7318)|Section 500.7318 - Effect of Act on Prior Act; Liabilities; Penalties.

500.7318 Effect of act on prior act; liabilities; penalties. Sec. 7318.  (1) This chapter shall not impair or affect any act done, offense committed or right accruing, accrued or acquired or liability, penalty, forfeiture or punishment incurred prior to the time it takes effect, but the same may be enjoyed, asserted, enforced, prosecuted or inflicted, as fully and to the same extent as if this chapter had not been passed. History: Add. 1966, Act 221, Imd. Eff. July 11, 1966 Popular Name: Act 218
MI Comp L § 500.7606 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-76 - Chapter 76 Consolidation or Merger of Domestic Insurers (500.7604...500.7606)|Section 500.7606 - Insurers; Retention of Names.

500.7606 Insurers; retention of names.  Sec. 7606.  When an insurer is consolidated or merged under the provisions of this chapter, the name of the insurer may be retained for a period of 5 years after the effective date of the consolidation or merger for the use of the resulting insurer and no other domestic or foreign insurer shall be authorized to do business under such name or any other name that closely resembles such name during the 5-year period. History: Add. 1957, Act 91, Eff. Sept. 27, 1957 Popular Name: Act 218
MI Comp L § 500.7701 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-77 - Chapter 77 (500.7701...500.7780)|Section 500.7701 - Short Title of Chapter.

500.7701 Short title of chapter. Sec. 7701.  This chapter shall be known and may be cited as the "Michigan life and health insurance guaranty association act". History: Add. 1982, Act 194, Imd. Eff. June 28, 1982 Popular Name: Act 218
MI Comp L § 500.7702 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-77 - Chapter 77 (500.7701...500.7780)|Section 500.7702 - Purpose and Construction of Chapter.

500.7702 Purpose and construction of chapter.Sec. 7702.  (1) The purpose of this chapter is to protect, subject to certain limitations, persons specified in section 7704(1) against failure in the performance of contractual obligations under insurance policies and annuity contracts specified in section 7704(2) because of the impairment or insolvency of the insurer issuing the policies or contracts. To provide this protection:  (a) An association of insurers is created to enable the guaranty of payment of benefits and continuation of coverages as limited in this chapter.  (b) Members of the association are subject to assessment to provide funds to carry out the purpose of this chapter.  (c) The association is authorized to assist the commissioner, in the prescribed manner, in the detection and prevention of insurer impairments or insolvencies.  (2) This chapter shall be construed to execute the purposes provided in subsection (1). History: Add. 1982, Act 194, Imd. Eff. June 28, 1982 ;-- Am. 1982, Act 501, Imd. Eff. Dec. 31, 1982 ;-- Am. 1989, Act 302, Imd. Eff. Jan. 3, 1990 ;-- Am. 2006, Act 671, Imd. Eff. Jan. 10, 2007 Compiler'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."Popular Name: Act 218
MI Comp L § 500.7706 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-77 - Chapter 77 (500.7701...500.7780)|Section 500.7706 - Michigan Life and Health Insurance Guaranty Association; Creation; Membership Requirement; Performance of Functions; Exercise of Powers; Accounts; Supervision of Commissioner; Applicability of Insurance Laws; Meetings.

500.7706 Michigan life and health insurance guaranty association; creation; membership requirement; performance of functions; exercise of powers; accounts; supervision of commissioner; applicability of insurance laws; meetings.Sec. 7706.  (1) There is created a nonprofit legal entity to be known as the Michigan life and health insurance guaranty association. A member insurer shall be and remain a member of the association as a condition of authority to transact insurance in this state. The association shall perform its functions under the plan of operation established and approved under section 7710 and shall exercise its powers through a board of directors established under section 7707. For purposes of administration and assessment the association shall maintain the following 2 accounts:  (a) The health insurance account.  (b) The life insurance and annuity account which includes the following subaccounts:  (i) A life insurance subaccount.  (ii) An annuity subaccount, which shall include unallocated annuity contracts owned by a governmental retirement plan, or its trustee, established under section 401, 403(b), or 457 of the internal revenue code of 1986, 26 USC 401, 403, and 457, but shall not include other unallocated annuities.  (iii) An unallocated annuity subaccount, which shall not include unallocated annuity contracts owned by a governmental retirement benefit plan, or its trustee, established under section 401, 403(b), or 457 of the internal revenue code of 1986, 26 USC 401, 403, and 457.  (2) The association is under the immediate supervision of the commissioner and is subject to the applicable provisions of the insurance laws of this state. Meetings or records of the association may be open to the public upon majority vote of the board of directors of the association. History: Add. 1982, Act 194, Imd. Eff. June 28, 1982 ;-- Am. 1982, Act 501, Imd. Eff. Dec. 31, 1982 ;-- Am. 1989, Act 302, Imd. Eff. Jan. 3, 1990 ;-- Am. 1996, Act 548, Imd. Eff. Jan. 15, 1997 ;-- Am. 2006, Act 671, Imd. Eff. Jan. 10, 2007 Compiler'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."Popular Name: Act 218
MI Comp L § 500.7707 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-77 - Chapter 77 (500.7701...500.7780)|Section 500.7707 - Board of Directors; Appointment and Election of Members; Vacancy; Notice of Organizational Meeting; Voting Rights; Approval of Election or Appointment; Fair Representation Required; Reimbursement for Expenses.

500.7707 Board of directors; appointment and election of members; vacancy; notice of organizational meeting; voting rights; approval of election or appointment; fair representation required; reimbursement for expenses.Sec. 7707.  (1) The board of directors of the association shall consist of not less than 5 nor more than 9 member insurers and 2 persons representing the general public serving terms as established in the plan of operation. The 2 members of the board representing the general public shall be appointed by the commissioner, shall not be engaged in the business of insurance, and shall not be officers, directors, or employees of an insurance company. The remaining members of the board shall be elected by member insurers subject to the approval of the commissioner. A vacancy on the board for a member representing the general public shall be filled for the remaining period of the term by appointment by the commissioner. A vacancy on the board for a member representing member insurers shall be filled for the remaining period of the term by a majority vote of the remaining board members, subject to the approval of the commissioner. To elect the initial board of directors, and initially organize the association, the commissioner shall give notice to all member insurers of the time and place of the organizational meeting. In determining voting rights at the organizational meeting each member insurer shall be entitled to 1 vote in person or by proxy.  (2) In approving an election or in appointing a member to the board, the commissioner shall consider, among other things, whether all member insurers are fairly represented.  (3) A member of the board may be reimbursed from the assets of the association for expenses incurred by the member as a member of the board of directors but a member of the board shall not otherwise be compensated by the association for his or her services. History: Add. 1982, Act 194, Imd. Eff. June 28, 1982 ;-- Am. 2006, Act 671, Imd. Eff. Jan. 10, 2007 Compiler'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."Popular Name: Act 218
MI Comp L § 500.7710 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-77 - Chapter 77 (500.7701...500.7780)|Section 500.7710 - Plan of Operation and Amendments; Submission to Commissioner; Effective Date; Failure to Submit Suitable Plan or Amendments; Rules; Compliance by Member Insurers; Contents of Plan; Providing for Delegation of Powers and Duties of Association to Other Organization.

500.7710 Plan of operation and amendments; submission to commissioner; effective date; failure to submit suitable plan or amendments; rules; compliance by member insurers; contents of plan; providing for delegation of powers and duties of association to other organization.  Sec. 7710.  (1) The association shall submit to the commissioner a plan of operation and amendments to the plan necessary or suitable to assure the fair, reasonable, and equitable administration of the association. The plan of operation and amendments to the plan shall become effective upon approval in writing by the commissioner or if he or she has not disapproved it within 30 days after submission.  (2) If the association fails to submit a suitable plan of operation within 60 days following the effective date of this chapter or if at any time the association fails to submit suitable amendments to the plan, the commissioner shall, after notice and hearing, promulgate rules reasonably necessary or advisable to effectuate this chapter. The rules shall continue in force until modified by the commissioner or superseded by a plan submitted by the association and approved by the commissioner.  (3) All member insurers shall comply with the plan of operation.  (4) In addition to requirements enumerated elsewhere in this chapter, the plan of operation shall contain the following:  (a) Procedures for handling the assets of the association.  (b) The amount and method of reimbursing members of the board of directors under section 7707.  (c) Regular places and times for meetings of the board of directors.  (d) Procedures for records to be kept of financial transactions of the association, the association's agents, and the board of directors.   (e) Procedures for election of the board of directors and for submission of board members to the commissioner.  (f) Additional procedures for assessments under section 7709.  (g) Additional provisions necessary or proper for the execution of the powers and duties of the association.  (5) The plan of operation may provide that any or all powers and duties of the association, except those under sections 7708(16)(c) and 7709, are delegated to a corporation, association, or other organization which performs or will perform functions similar to those of the association, or the association's equivalent, in 2 or more states. History: Add. 1982, Act 194, Imd. Eff. June 28, 1982 ;-- Am. 1989, Act 302, Imd. Eff. Jan. 3, 1990 Popular Name: Act 218
MI Comp L § 500.7715 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-77 - Chapter 77 (500.7701...500.7780)|Section 500.7715 - Examination and Regulation of Association by Commissioner; Financial Report; Report of Activities.

500.7715 Examination and regulation of association by commissioner; financial report; report of activities. Sec. 7715.  The association shall be subject to examination and regulation by the commissioner. The board of directors shall submit to the commissioner, not later than May 1 of each year, a financial report for the preceding calendar year in a form approved by the commissioner and a report of the association's activities during the preceding calendar year. History: Add. 1982, Act 194, Imd. Eff. June 28, 1982 Popular Name: Act 218
MI Comp L § 500.7716 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-77 - Chapter 77 (500.7701...500.7780)|Section 500.7716 - Association Exempt From Fees and Taxes; Exception.

500.7716 Association exempt from fees and taxes; exception. Sec. 7716.  The association shall be exempt from payment of fees and taxes levied by this state or its political subdivisions, except taxes levied on real property.  History: Add. 1982, Act 194, Imd. Eff. June 28, 1982 Popular Name: Act 218
MI Comp L § 500.7717 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-77 - Chapter 77 (500.7701...500.7780)|Section 500.7717 - Nonliability of Member Insurer, Association, Board of Directors, or Commissioner in Performance of Powers and Duties.

500.7717 Nonliability of member insurer, association, board of directors, or commissioner in performance of powers and duties.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."
MI Comp L § 500.7718 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-77 - Chapter 77 (500.7701...500.7780)|Section 500.7718 - Stay of Proceedings in Which Insolvent Insurer Party; Setting Aside Default Judgment; Defense.

500.7718 Stay of proceedings in which insolvent insurer party; setting aside default judgment; defense. Sec. 7718.  All proceedings in which an insolvent insurer is a party in a court in this state shall be stayed 60 days from the date an order of liquidation, rehabilitation, or conservation is final to permit proper legal action by the association on a matter germane to the association's powers or duties. If a judgment under a decision, order, verdict, or finding is based on default, the association may apply to have the judgment set aside by the same court that made the judgment and shall be permitted to defend in the action on the merits. History: Add. 1982, Act 194, Imd. Eff. June 28, 1982 Popular Name: Act 218
MI Comp L § 500.7719 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-77 - Chapter 77 (500.7701...500.7780)|Section 500.7719 - Repealed. 1989, Act 302, Eff. Jan. 3, 1990.

500.7719 Repealed. 1989, Act 302, Eff. Jan. 3, 1990. Compiler's Notes: The repealed section pertained to prohibited advertisement, announcement, or statement.Popular Name: Act 218
MI Comp L § 500.7780 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-77 - Chapter 77 (500.7701...500.7780)|Section 500.7780 - Applicability of Chapter to Delinquent Insurer.

500.7780 Applicability of chapter to delinquent insurer. Sec. 7780.  This chapter applies to a delinquent insurer for which delinquency proceedings have been commenced on or after May 1, 1982. History: Add. 1982, Act 194, Imd. Eff. June 28, 1982 Popular Name: Act 218
MI Comp L § 500.7800-500.7868 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-78 - Chapter 78 Liquidations and Receiverships (500.7800...500.7868)|Section 500.7800-500.7868 - Repealed. 1989, Act 302, Eff. Jan. 3, 1990.

500.7800-500.7868 Repealed. 1989, Act 302, Eff. Jan. 3, 1990. Popular Name: Act 218
MI Comp L § 500.7901 (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 500.7901 - Property and Casualty Guaranty Association Act; Short Title.

500.7901 Property and casualty guaranty association act; short title. Sec. 7901.  This chapter constitutes, and may be cited as the "property and casualty guaranty association act". History: Add. 1969, Act 277, Imd. Eff. Aug. 11, 1969 Popular Name: Act 218
MI Comp L § 500.7911 (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 500.7911 - Property and Casualty Guaranty Association; Membership; Exception; Laws to Which Association Subject.

500.7911 Property and casualty guaranty association; membership; exception; laws to which association subject.Sec. 7911.  (1) To implement this chapter, there shall be maintained within this state, by all insurers authorized to transact in this state insurance other than life or disability insurance, except the Michigan basic property insurance association created pursuant to section 2920, an association of those insurers to be known as the property and casualty guaranty association, hereafter referred to as the "association". Each insurer shall be a member of the association as a condition of its authority to continue to transact insurance in this state.  (2) An insurer from which insurance has been or may be procured in this state solely by virtue of chapter 19 shall not be considered to be an insurer authorized to transact insurance in this state for the purposes of this chapter.  (3) The association is subject to the requirements of this chapter and chapter 81 but is not subject to the other chapters of this act. The association shall be subject to other laws of this state to the extent that it would be subject to those laws if it were an insurer organized and operating under chapter 50, to the extent that those other laws are consistent with this chapter. History: Add. 1969, Act 277, Imd. Eff. Aug. 11, 1969 ;-- Am. 1972, Act 207, Imd. Eff. June 30, 1972 ;-- Am. 1980, Act 41, Imd. Eff. Mar. 17, 1980 ;-- Am. 1982, Act 502, Eff. Mar. 30, 1983 ;-- Am. 1990, Act 137, Eff. June 29, 1990 ;-- Am. 1993, Act 200, Eff. Dec. 28, 1994 ;-- Am. 2006, Act 365, Imd. Eff. Sept. 18, 2006 Compiler's Notes: Act 143 of 1993, which amended this section, was submitted to the people by referendum petition (as Proposal C) and rejected by a majority of the votes cast at the November 8, 1994, general election.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