reglab/statecodes huggingface dataset:
2023 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
2023 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68 Farmers' and Other Special Mutual Property Insurers (Domestic) (500.6800...500.6886) › Section 500.6810-500.6820 - Repealed. 1994, Act 226, Imd.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500.6810-500.6820 Repealed. 1994, Act 226, Imd.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The repealed sections pertained to organization and insuring powers of certain mutuals.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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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 500.6854 - Insurance in Excess of Fair Value Prohibited.

500.6854 Insurance in excess of fair value prohibited.
Sec. 6854.
No company organized or operating under this chapter shall issue a policy for an amount in excess of a fair value of the property insured.
History:
1956, Act 218, Eff. Jan. 1, 1957
Popular Name:
Act 218
2023 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 500.6856 - Maximum Amount Recoverable on Face of Policy; Premium, Assessments.

500.6856 Maximum amount recoverable on face of policy; premium, assessments.
Sec. 6856.
No company organized or operating under this chapter shall issue any policy which provides that the maximum amount recoverable is less than the amount stated on the face of the policy, and no assessment shall be levied or premium collected on any amount larger than that so stated on such policy face.
History:
1956, Act 218, Eff. Jan. 1, 1957
Popular Name:
Act 218
2023 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 500.6858 - Adjustment or Arbitration of Losses; Subpoenas to Witnesses; Notice.

500.6858 Adjustment or arbitration of losses; subpoenas to witnesses; notice.
Sec. 6858.
That any district or municipal court of a judicial district or municipality of this state is authorized and required to issue subpoenas, and compel the attendance of witnesses before the president, vice-president, secretary, board of directors, or either of the directors, or the auditor or board of auditors of any mutual insurance company organized under the laws of this state, whenever requested so to do by said officers of the insurance companies, or any 1 of them, or the insured, to give evidence in any matter touching the adjustment or arbitration of losses by fire or other cause which may come before such officer or officers; and the subpoena shall be valid to compel the attendance of a witness within the same county where such matter is to be tried, and within 30 miles of the place of such trial. The opposite party interested in the adjustment or arbitration shall be notified, without cost to him, her, or them, at least 24 hours in advance, of the time and place where such witnesses are to be examined, and he, she, or they shall have the right to appear by attorney or in person, and cross-examine all witnesses produced.
History:
1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1991, Act 141, Imd. Eff. Nov. 25, 1991
Popular Name:
Act 218
2023 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 500.6859 - Adjustment or Arbitration of Losses; Service of Subpoenas; Fees.

500.6859 Adjustment or arbitration of losses; service of subpoenas; fees.
Sec. 6859.
Any subpoena may be served by a sheriff, constable or any other person, and it shall be served by delivering a copy of the subpoena, and by paying or tendering to him or her the same fees for traveling and 1 day's attendance as are allowed by law.
History:
1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1991, Act 141, Imd. Eff. Nov. 25, 1991
Popular Name:
Act 218
2023 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 500.6860 - Adjustment or Arbitration of Losses; Compelling Attendance of Witness; Costs.

500.6860 Adjustment or arbitration of losses; compelling attendance of witness; costs.
Sec. 6860.
Whenever it shall appear to the satisfaction of the judge, by affidavit of a party interested in said adjustment or arbitration, or by other competent testimony, that any person duly subpoenaed to appear as required by subpoena, shall have refused or neglected without just cause to attend as a witness in conformity to the subpoena, and the testimony of such witnesses is material, as the deponent verily believes, the judge shall have power to issue an attachment to compel the attendance of the witness, and the witness shall be liable for the cost of such attachment for the service of the same, which costs may be recovered in an action of assumpsit at the suit of the party injured by such neglect or refusal, before any court having competent jurisdiction in like cases, and shall moreover be liable to the injured party in damages.
History:
1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1991, Act 141, Imd. Eff. Nov. 25, 1991
Popular Name:
Act 218
2023 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 500.6862 - Adjustment or Arbitration of Losses; Administration of Oath to Witness; Perjury.

500.6862 Adjustment or arbitration of losses; administration of oath to witness; perjury.
Sec. 6862.
Any 1 of said officers or directors of such insurance companies shall have the power, and they are hereby authorized to administer an oath to said witnesses or parties so testifying before them in the adjustment or arbitration of such losses, and said witnesses shall be liable to the same pains and penalties for perjury as are now provided by law.
History:
1956, Act 218, Eff. Jan. 1, 1957
Popular Name:
Act 218
2023 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 500.6864 - Limitation of Actions.

500.6864 Limitation of actions.
Sec. 6864.
No suit or action at law for the recovery of any claim for loss or damage under a policy issued by any company organized or operating under this chapter shall be sustainable in any court of law or equity unless commenced within 12 months next after the liability shall have accrued.
History:
1956, Act 218, Eff. Jan. 1, 1957
Popular Name:
Act 218
2023 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 500.6866 - Uniform Farm Mutual Fire Policy.

500.6866 Uniform farm mutual fire policy.
Sec. 6866.
On and after January 1, 1946, no company organized or operating under the provisions of this chapter shall issue fire insurance policies on farm property in this state other than those of the standard form as set forth in section 6868.
History:
1956, Act 218, Eff. Jan. 1, 1957
Popular Name:
Act 218
2023 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 500.6869 - Uniform Farm Mutual Fire Policy; Conflicting Bylaws, Riders.

500.6869 Uniform farm mutual fire policy; conflicting bylaws, riders.
Sec. 6869.
No bylaw of any company authorized under the provisions of this chapter or any rider attached to a "uniform farm mutual fire insurance policy" shall restrict or nullify paragraphs number 12, 13, 16 or 17 of such policy.
History:
1956, Act 218, Eff. Jan. 1, 1957
Popular Name:
Act 218
2023 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 500.6870 - Uniform Farm Mutual Fire Policy; Optional Provisions.

500.6870 Uniform farm mutual fire policy; optional provisions.
Sec. 6870.
A company may print on or in its policies its name, location, date of organization and date of expiration of its charter, articles of incorporation and/or bylaws, the names of its officers and agents, the number and date of the policy and, if it is issued through an agent, the words "this policy shall not be valid until countersigned by the duly authorized agent of the company at ............................................ ."
History:
1956, Act 218, Eff. Jan. 1, 1957
Popular Name:
Act 218
2023 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 500.6872 - Uniform Farm Mutual Fire Policy; Rate, Premium, Assessment, Expiration.

500.6872 Uniform farm mutual fire policy; rate, premium, assessment, expiration.
Sec. 6872.
If a company issues its policies for a specified term and/or charges an advance premium or assessment, the form set forth for the face of the policy may be altered to show rate, premium or assessment and expiration date of policy.
History:
1956, Act 218, Eff. Jan. 1, 1957
Popular Name:
Act 218
2023 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 500.6874 - Uniform Farm Mutual Fire Policy; Printed Descriptions and Specifications of Property.

500.6874 Uniform farm mutual fire policy; printed descriptions and specifications of property.
Sec. 6874.
A company may print or use in its policies printed forms of description and specifications of the property insured.
History:
1956, Act 218, Eff. Jan. 1, 1957
Popular Name:
Act 218
2023 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 500.6876 - Repealed. 1963, Act 53, Eff. Sept. 6, 1963.

500.6876 Repealed. 1963, Act 53, Eff. Sept. 6, 1963.
Compiler's Notes:
The repealed section regulated attachment of riders to uniform farm mutual fire policy.
Popular Name:
Act 218
2023 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 500.6886 - Additional Provisions of Code Applicable to Domestic Mutual Insurers.

500.6886 Additional provisions of code applicable to domestic mutual insurers.
Sec. 6886.
Domestic mutual insurers transacting insurance under this chapter are also subject to the following additional chapters and provisions of this act as applicable:
(a) Chapter 1.
(b) Chapter 2.
(c) Sections 403, 454, 460, and 476a.
(d) Chapter 9.
(e) Chapter 12.
(f) Chapter 20.
(g) Section 2236.
(h) Chapter 50.
(i) Chapter 52.
(j) Chapter 76.
(k) Chapter 81.
(l) Chapter 83.
History:
1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1972, Act 133, Eff. Mar. 30, 1973 ;-- Am. 1987, Act 261, Imd. Eff. Dec. 28, 1987 ;-- Am. 1994, Act 226, Imd. Eff. June 27, 1994
Popular Name:
Act 218
2023 Michigan Compiled Laws › Chapter 500 - Insurance Code of 1956 › Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302) › 218-1956-70 - Chapter 70 Multiple Employer Welfare Arrangements (500.7001...500.7090) › Section 500.7001 - Definitions.

500.7001 Definitions.
Sec. 7001.
As used in this chapter:
(a) "Board" means the board of trustees of the multiple employer welfare arrangement security fund.
(b) "Cash reserves" means federally guaranteed obligations that have a fixed recoverable principal amount or an irrevocable and unconditional letter of credit.
(c) "Covered claim" means an obligation of an insolvent MEWA to pay a claim that is covered by the MEWA to a covered employee or dependent who is a resident of this state.
(d) "Employee welfare benefit plan" means that term as defined in section 3 of the employee retirement income security act of 1974, Public Law 93-406, 88 Stat. 829, 29 U.S.C. 1002.
(e) "Fund" means the multiple employer welfare arrangement security fund.
(f) "Insolvent MEWA" means a MEWA authorized to do business in this state for which a domiciliary or ancillary receiver has been appointed in this state.
(g) "Letter of credit" means a letter of credit that meets all of the following requirements:
(i) Is issued by a federally insured financial institution.
(ii) Is issued upon such terms and in a form approved by the commissioner.
(iii) Is subject to draw by the commissioner, upon giving 5 business days' written notice to the MEWA, or by the MEWA for the subscriber's benefit if the MEWA is unable to pay claims as they come due.
(h) "Multiple employer welfare arrangement" or "MEWA" means that term as defined in section 3 of the employee retirement income security act of 1974, Public Law 93-406, 88 Stat. 829, 29 U.S.C. 1002, which meets either or both of the following criteria:
(i) One or more of the employer members in the MEWA is either domiciled in this state or has its principal headquarters or principal administrative office in this state.
(ii) The MEWA solicits an employer that is domiciled in this state or has its principal headquarters or principal administrative office in this state.
History:
Add. 1986, Act 121, Eff. July 1, 1986 ;-- Am. 1990, Act 126, Imd. Eff. June 26, 1990
Popular Name:
Act 218
2023 Michigan Compiled Laws › Chapter 500 - Insurance Code of 1956 › Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302) › 218-1956-70 - Chapter 70 Multiple Employer Welfare Arrangements (500.7001...500.7090) › Section 500.7004 - Employee Welfare Benefit Plan as Multiple Employer Welfare Arrangement; Certificate of Authority Required; Applicability of Chapter.

500.7004 Employee welfare benefit plan as multiple employer welfare arrangement; certificate of authority required; applicability of chapter.
Sec. 7004.
A person shall not establish or maintain an employee welfare benefit plan which is a multiple employer welfare arrangement in this state unless the MEWA obtains and maintains a certificate of authority pursuant to this chapter. This chapter shall not apply to an employee welfare benefit plan or MEWA that is fully insured.
History:
Add. 1986, Act 121, Eff. July 1, 1986
Popular Name:
Act 218
2023 Michigan Compiled Laws › Chapter 500 - Insurance Code of 1956 › Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302) › 218-1956-70 - Chapter 70 Multiple Employer Welfare Arrangements (500.7001...500.7090) › Section 500.7006 - Benefits to Which Authorized Mewa Limited.

500.7006 Benefits to which authorized MEWA limited.
Sec. 7006.
A MEWA authorized under this chapter shall be limited to providing the following benefits:
(a) Medical, dental, optical, surgical, or hospital care benefits.
(b) Benefits in event of sickness, accident, disability, or death.
(c) Prepaid legal services.
History:
Add. 1986, Act 121, Eff. July 1, 1986
Popular Name:
Act 218
2023 Michigan Compiled Laws › Chapter 500 - Insurance Code of 1956 › Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302) › 218-1956-70 - Chapter 70 Multiple Employer Welfare Arrangements (500.7001...500.7090) › Section 500.7010 - Application for Certificate of Authority; Form; Submission of Application and Other Documents to Commissioner; Examination of Application and Documents; Investigation; Examination Under Oath of Certain Persons.

500.7010 Application for certificate of authority; form; submission of application and other documents to commissioner; examination of application and documents; investigation; examination under oath of certain persons.
Sec. 7010.
(1) A person wishing to establish an employee welfare benefit plan which is a multiple employer welfare arrangement shall apply for a certificate of authority on a form prescribed by the commissioner. The application shall be completed and submitted to the commissioner along with all of the following:
(a) Copies of all articles, bylaws, agreements, or other documents or instruments describing the rights and obligations of employers, employees, and beneficiaries with respect to the MEWA.
(b) Current financial statements of the MEWA.
(c) Proof of a fidelity bond in a form and amount approved by the commissioner.
(d) A statement showing in full detail the plan upon which the MEWA proposes to transact business, a copy of all contracts, or other instruments which it proposes to make with or sell to its members, together with a copy of its plan description and the proposed printed matter to be used in the solicitation of members.
(2) The commissioner shall promptly examine the application and documents submitted by the applicant and shall have the power to conduct any investigation which the commissioner may deem necessary and to examine under oath any persons interested or connected with the MEWA.
History:
Add. 1986, Act 121, Eff. July 1, 1986
Popular Name:
Act 218
2023 Michigan Compiled Laws › Chapter 500 - Insurance Code of 1956 › Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302) › 218-1956-70 - Chapter 70 Multiple Employer Welfare Arrangements (500.7001...500.7090) › Section 500.7011 - Conditions to Issuance of Certificate of Authority.

500.7011 Conditions to issuance of certificate of authority.
Sec. 7011.
The commissioner shall not issue a certificate of authority to a MEWA unless all of the following conditions have been met:
(a) The commissioner is satisfied that:
(i) The employers in the MEWA are members of an association or group of 2 or more businesses or entities that are in the same trade or industry or same type of service, including closely related businesses that provide support, services, or supplies primarily to that trade, service, or industry.
(ii) The association or group of employers in the MEWA is engaged in substantial activity for its members other than sponsorship of an employee welfare benefit plan.
(iii) The association or group of employers in the MEWA has been in existence for a period of not less than 2 years.
(iv) The employee welfare benefit plan of the association or group is controlled and sponsored directly by participating employers or employee members, or both.
(v) The MEWA has within its own organization adequate facilities and competent personnel to service the employee benefit plan or has contracted with an authorized third party administrator to provide services. A third party administrator contracting with a MEWA pursuant to this subparagraph shall deliver a fidelity bond to the MEWA in an amount approved by the commissioner to protect against the misappropriation or misuse of any money handled by the third party administrator.
(b) The MEWA has applications from not less than 2 employers and will provide similar benefits for not less than 200 separate participating employees. The annual gross premiums of or contributions to the plan will be not less than $20,000.00 for a plan that provides only vision benefits, $75,000.00 for a plan that provides only dental benefits, and $200,000.00 for all other plans.
(c) The MEWA possesses a written commitment, binder, or policy for excess loss insurance issued by an insurer authorized to do business in this state, in an amount approved by the commissioner. The binder or policy shall provide not less than 30 days' notice of cancellation to the commissioner.
(d) The MEWA has established a procedure, to the satisfaction of the commissioner, for handling claims for benefits in the event of dissolution of the MEWA.
(e) The MEWA has delivered to the commissioner a bond, deposit, or security for the protection of subscribers as the commissioner requires.
History:
Add. 1986, Act 121, Eff. July 1, 1986 ;-- Am. 1999, Act 82, Imd. Eff. June 28, 1999
Popular Name:
Act 218
2023 Michigan Compiled Laws › Chapter 500 - Insurance Code of 1956 › Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302) › 218-1956-70 - Chapter 70 Multiple Employer Welfare Arrangements (500.7001...500.7090) › Section 500.7012 - Fees; Payment and Collection; Service of Process; Designation and Purpose of Fees.

500.7012 Fees; payment and collection; service of process; designation and purpose of fees.
Sec. 7012.
(1) The commissioner shall collect, and the persons affected shall pay to the commissioner, the following fees:
(a)
Filing fee to accompany application for certificate of authority.......................
$
200.00.
(b)
Certificate of authority.......................
$
25.00.
(c)
Filing fee for annual statement each year......
$
25.00.
(2) Each MEWA shall appoint the commissioner as its resident agent for purposes of service of process. The fee for such service shall be in the amount of $5.00, payable at the time of service.
(3) Fees paid under this section shall be designated for the insurance bureau to cover the additional costs incurred as a result of this chapter.
History:
Add. 1986, Act 121, Eff. July 1, 1986
Popular Name:
Act 218
2023 Michigan Compiled Laws › Chapter 500 - Insurance Code of 1956 › Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302) › 218-1956-70 - Chapter 70 Multiple Employer Welfare Arrangements (500.7001...500.7090) › Section 500.7014 - Issuance of Certificate of Authority; Refusal to Grant Certificate; Notice of Refusal; Request for and Conduct of Hearing.

500.7014 Issuance of certificate of authority; refusal to grant certificate; notice of refusal; request for and conduct of hearing.
Sec. 7014.
After examination and investigation, the commissioner shall issue a certificate of authority to the MEWA if the commissioner is satisfied that the MEWA is in a stable and unimpaired financial condition and that the MEWA is qualified to maintain an employee welfare benefit plan in compliance with this chapter. The commissioner shall refuse to grant a certificate of authority to an applicant who fails to meet the requirements of this chapter. Notice of refusal shall be in writing and shall set forth the basis for the refusal. If the applicant submits a written request within 30 days after mailing of the notice of refusal, the commissioner shall promptly conduct a hearing pursuant to the administrative procedures act of 1969, Act No. 306 of the Public Acts of 1969, being sections 24.201 to 24.328 of the Michigan Compiled Laws, in which the applicant shall be given an opportunity to show compliance with the requirements of this chapter.
History:
Add. 1986, Act 121, Eff. July 1, 1986
Popular Name:
Act 218
2023 Michigan Compiled Laws › Chapter 500 - Insurance Code of 1956 › Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302) › 218-1956-70 - Chapter 70 Multiple Employer Welfare Arrangements (500.7001...500.7090) › Section 500.7018 - Temporary Certificate; Organization of Proposed Mewa; Opening Books to Commissioner; Condition to Issuance of Final Certificate.

500.7018 Temporary certificate; organization of proposed MEWA; opening books to commissioner; condition to issuance of final certificate.
Sec. 7018.
(1) The MEWA, upon receipt of its initial certificate of authority, which shall be a temporary certificate, shall proceed to the completion of organization of the proposed MEWA.
(2) A MEWA shall open its books to the commissioner, and a final certificate of authority shall not be issued by the commissioner to any MEWA until it has collected in cash reserves as provided in section 7040.
History:
Add. 1986, Act 121, Eff. July 1, 1986
Popular Name:
Act 218
2023 Michigan Compiled Laws › Chapter 500 - Insurance Code of 1956 › Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302) › 218-1956-70 - Chapter 70 Multiple Employer Welfare Arrangements (500.7001...500.7090) › Section 500.7020 - Issuance of Policies by Mewa; Premium or Premium Deposit; Contingent Premium; Restoration of Cash Reserves.

500.7020 Issuance of policies by MEWA; premium or premium deposit; contingent premium; restoration of cash reserves.
Sec. 7020.
(1) The policies issued by the MEWA shall provide for a premium or premium deposit payable in cash and, except as herein provided, for a contingent premium at least equal to 1 month's premium or premium deposit, which may be prefunded, and in no event shall a member be liable for a greater amount than the premium or premium deposit expressed in the policy.
(2) The MEWA may issue its policy without a contingent premium when it has cash reserves as provided in section 7040.
(3) If at any time the cash reserves are less than the requirement of section 7040, the MEWA shall immediately collect upon policies with a contingent premium a sufficient proportionate part thereof to restore the cash reserves, provided no member shall be liable for any part of the contingent premium in excess of the amount demanded within 1 year after the termination of the policy. The commissioner may by written order direct that proceedings to restore the reserves be deferred during the time fixed in the order.
History:
Add. 1986, Act 121, Eff. July 1, 1986 ;-- Am. 1990, Act 126, Imd. Eff. June 26, 1990
Popular Name:
Act 218
2023 Michigan Compiled Laws › Chapter 500 - Insurance Code of 1956 › Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302) › 218-1956-70 - Chapter 70 Multiple Employer Welfare Arrangements (500.7001...500.7090) › Section 500.7022 - Name of Mewa; Proof of Existence of Mewa.

500.7022 Name of MEWA; proof of existence of MEWA.
Sec. 7022.
No MEWA authorized under this chapter shall take any name which is the same as or closely resembles the name of any other MEWA doing business in this state. A MEWA shall transact its business under its own name, and shall not adopt any assumed name: excepting that a MEWA, by amending its articles, may change its name or take a new name with the approval of the commissioner. Whenever it shall be necessary, in any legal proceedings, to prove the existence of a MEWA, a certified copy of such MEWA's certificate of authority shall be prima facie evidence of the existence of the MEWA.
History:
Add. 1986, Act 121, Eff. July 1, 1986
Popular Name:
Act 218
2023 Michigan Compiled Laws › Chapter 500 - Insurance Code of 1956 › Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302) › 218-1956-70 - Chapter 70 Multiple Employer Welfare Arrangements (500.7001...500.7090) › Section 500.7024 - Powers of Mewa.

500.7024 Powers of MEWA.
Sec. 7024.
Every MEWA, unless otherwise provided, or inconsistent with this chapter, shall have power:
(a) To have succession, by its name, for the term stated in its trust agreement, which shall be in perpetuity unless otherwise specified.
(b) To sue and be sued, complain and defend, in any court of law or equity or to be a party to any proceedings before any board or commission or other public body of this state or any other state or government; suits at law may be maintained by the MEWA against any of its members for any cause relating to the business of the MEWA.
(c) To have a seal which may be altered at pleasure and to use the seal by causing it or a facsimile of the seal to be impressed or affixed or reproduced, or otherwise.
(d) To appoint such officers and agents as the business of the MEWA shall require and to allow them suitable compensation.
(e) To make, alter, amend, and repeal bylaws for the regulation and government of its affairs.
(f) To conduct its business in this state, other states, the District of Columbia, the territories and colonies of the United States and in foreign countries and the territories and colonies thereof and have 1 or more offices out of this state and to acquire, purchase, hold, mortgage, pledge, assign, transfer and convey real and personal property out of this state subject to the provisions of this chapter.
History:
Add. 1986, Act 121, Eff. July 1, 1986
Popular Name:
Act 218
2023 Michigan Compiled Laws › Chapter 500 - Insurance Code of 1956 › Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302) › 218-1956-70 - Chapter 70 Multiple Employer Welfare Arrangements (500.7001...500.7090) › Section 500.7026 - Articles, Bylaws, and Trust Agreement of Mewa and Amendments Thereto; Filing; Approval; Form for Trust Agreement; Notice of Meeting; Voting Rights; Powers to Be Exercised by Board of Trustees; Restrictions on Trustees.

500.7026 Articles, bylaws, and trust agreement of MEWA and amendments thereto; filing; approval; form for trust agreement; notice of meeting; voting rights; powers to be exercised by board of trustees; restrictions on trustees.
Sec. 7026.
(1) The articles, bylaws, and trust agreement of the MEWA and all amendments thereto shall be filed with and approved by the commissioner before becoming operative. The trust agreement shall be filed on a form prescribed by the commissioner.
(2) Each member employer of a MEWA shall be given notice of every meeting of the members and shall be entitled to an equal vote, either in person or by proxy in writing by such member.
(3) The powers of a MEWA, except as otherwise provided, shall be exercised by the board of trustees chosen to carry out the purposes of the trust agreement. Not less than 50% of the trustees shall be persons who are covered under the MEWA and no trustee shall be an owner, officer, or employee of a third party administrator who provides services to the MEWA.
History:
Add. 1986, Act 121, Eff. July 1, 1986
Popular Name:
Act 218
2023 Michigan Compiled Laws › Chapter 500 - Insurance Code of 1956 › Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302) › 218-1956-70 - Chapter 70 Multiple Employer Welfare Arrangements (500.7001...500.7090) › Section 500.7028 - Duties of Trustees; Limitation on Liability of Trustee.

500.7028 Duties of trustees; limitation on liability of trustee.
Sec. 7028.
The trustees of a MEWA shall give the attention and exercise the vigilance, diligence, care, and skill that prudent persons use in like or similar circumstances. Trustees shall be responsible for all operations of the MEWA and shall take all necessary precautions to safeguard the assets of the MEWA. No trustee shall be held liable for any delinquency under this section after 6 years from the date of the delinquency, or after 2 years from the time when the delinquency is discovered by a person complaining of the delinquency, whichever occurs sooner.
History:
Add. 1986, Act 121, Eff. July 1, 1986
Popular Name:
Act 218