Sec. 553. The self-insurers' security fund or the private employer group self-insurers security fund, after paying an injured employee, shall have all the rights of the injured employee as a creditor of the insolvent employer to the extent of benefits it paid. The trustees of the fund shall have the right and obligation to obtain reimbursement to the fund from an insolvent employer for any funds paid out as benefits to the employees of the insolvent employer, including expenses pertinent to payments or recovery thereof.
Mich. Comp. Laws § 418.553
Self-insurers' security fund or private employer group self-insurers security fund; subrogation
Applied in 2 court decisions — leading case 263 Mich. App. 270 - Mitchell Corp. of Owosso v. DEPT. OF CONSUMER AND INDUSTRY SERVICES, BUREAU OF WORKER'S COMP. (2004)
Most recently applied in 263 Mich. App. 270 - Mitchell Corp. of Owosso v. DEPT. OF CONSUMER AND INDUSTRY SERVICES, BUREAU OF WORKER'S COMP. (October 2004)
Add. 1971, Act 149, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.