Sec. 7921. As used in this chapter: (a) "Insolvent insurer" means an insurer which has been a member insurer and against whom a final order of liquidation has been entered with a finding of insolvency by a court of competent jurisdiction in the insurer's state of domicile. The date on which the order becomes final shall be the date on which all appeals of the finding of insolvency are exhausted. If the finding of insolvency in the order of liquidation is not appealed, the order of liquidation shall be considered final on the date the order was issued. (b) "Member insurer" means an insurer required to be a member of the association pursuant to section 7911.
Mich. Comp. Laws § 500.7921
“Insolvent insurer” and “member insurer” defined
Applied in 3 court decisions — leading case 717 F. Supp. 468 - Borman's, Inc. v. Michigan Property & Casualty Guaranty Ass'n (1989)
Most recently applied in 717 F. Supp. 468 - Borman's, Inc. v. Michigan Property & Casualty Guaranty Ass'n (June 1989)
Add. 1969, Act 277, Imd
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.