Surplus Fund; Accumulation.

Checkout our iOS App for a better way to browser and research.

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


Download our app to see the most-to-date content.