Chapter 29 Basic Property Insurance (500.2901...500.2954)

  1. Law
  2. Michigan Compiled Laws
  3. Insurance Code of 1956
  4. 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
  5. Chapter 29 Basic Property Insurance (500.2901...500.2954)

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Section
500.2901

Definitions.

Section
500.2910

Inspection of Property; Requests; Operation of Inspection Bureau.

Section
500.2912

Issuing Insurance at Rate Requiring Consent Under MCL 500.2414 or 500.2614; Inspection; Sworn Statements; False Affidavits; Employing Services of Surplus Lines Agent; Forms of Sworn Statements; Descriptions of Rights.

Section
500.2920

Michigan Basic Property Insurance Association or “Pool”; Membership; Plan of Operation and Amendments to Plan; Approval; Compliance; Designation of Members as Servicing Facilities; Reimbursement and Authority of Facility; Rules; Rights and Liabilities of Pool.

Section
500.2921

Board of Governors as Manager of Pool; Appointment, Election, Qualifications, and Term of Members; Time of Election; Allotment of Votes; Increasing Number of Governors; Vacancy.

Section
500.2923

Agents Writing Insurance on Behalf of Pool; Commissions; Losses.

Section
500.2924

Underwriting Standards Employed in Determining Acceptable Risk for Basic Property Insurance; Basis of Underwriting Program for Home Insurance.

Section
500.2925

Application to Pool for Basic Property Insurance; Form; Findings; Issuance of Policy; Reinsuring Policies; Statement Required if Risk Found Not Acceptable; Term of Policy; Renewal of Policy; Waiver of Inspection; Issuance and Term of Binders.

Section
500.2925a

Application to Pool for Home Insurance; Form; Findings; Issuance of Policy; Reinsuring Policies; Statement Required if Property or Applicant Not Qualified; Term of Policy; Renewal of Policy; Selection of Dwellings for Inspection; Issuance and Term of Binders.

Section
500.2925b

Liability; Inspection; Enforcement by Commissioner.

Section
500.2925c

Notice of Rights to Obtain Home Insurance.

Section
500.2926-500.2929

Repealed. 1971, Act 74, Eff. Aug. 1, 1971.

Section
500.2930

Basic Property Insurance; Amount of Premium; Surcharge; Establishment of Rates; Filing Rates and Policy Forms.

Section
500.2930a

Rates Charged in Territory for Home Insurance; Conditions; Limitation on Premium for Repair Cost Policy; Development of Plans, Rules, Classifications, Territories, and Calculation Steps; Policy Forms; Filing; Definitions.

Section
500.2931

Limitation on Annual Premiums Written by or on Behalf of Pool; Premium Ratios.

Section
500.2932

Annual Rate of Assessment; Establishment; Purpose; Basis; Notice; Payment of Assessments; Estimating Assessable Premiums; Adjustment of Premium Rates; Annual Statement; Assessments as Income; Deficit or Surplus; Advance Assessments; Exempting or Deferring Assessment; Duration of Certain Rate Adjustments; Certain Deficits Carried Forward; Sharing Assets, Liabilities, Income, and Disbursements.

Section
500.2933

Pool Exempted From Fees and Taxes; Exception.

Section
500.2939

Reinsurance Permitted.

Section
500.2940

Repealed. 2000, Act 486, Imd. Eff. Jan. 11, 2001.

Section
500.2941

Pool; Supervision, Regulation and Examination.

Section
500.2942

Liability for Statements Made in Reports, at Hearings, or in Findings; Reports of Inspection Bureau.

Section
500.2943

Appeal to Insurance Commissioner; Hearing; Order.

Section
500.2950

Repealed. 1971, Act 74, Eff. Aug. 1, 1971.

Section
500.2952

Federal Riot Reinsurance Reimbursement Fund; Contents, Assessments, Reimbursements, Retroactive Effect.

Section
500.2954

Determinations Made by Commissioner.