Chapter

BASIC PROPERTY INSURANCE

Mich. Comp. Laws § 500.2901— Definitions
Mich. Comp. Laws § 500.2910— Inspection of property; requests; operation of inspection bureau
Mich. Comp. Laws § 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
Mich. Comp. Laws § 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
Mich. Comp. Laws § 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
Mich. Comp. Laws § 500.2923— Agents writing insurance on behalf of pool; commissions; losses
Mich. Comp. Laws § 500.2924— Underwriting standards employed in determining acceptable risk for basic property insurance; basis of underwriting program for home insurance
Mich. Comp. Laws § 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
Mich. Comp. Laws § 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
Mich. Comp. Laws § 500.2925b— Liability; inspection; enforcement by commissioner
Mich. Comp. Laws § 500.2925c— Notice of rights to obtain home insurance
Mich. Comp. Laws § 500.2930— Basic property insurance; amount of premium; surcharge; establishment of rates; filing rates and policy forms
Mich. Comp. Laws § 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
Mich. Comp. Laws § 500.2931— Limitation on annual premiums written by or on behalf of pool; premium ratios
Mich. Comp. Laws § 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
Mich. Comp. Laws § 500.2933— Pool exempted from fees and taxes; exception
Mich. Comp. Laws § 500.2939— Reinsurance permitted
Mich. Comp. Laws § 500.2941— Pool; supervision, regulation and examination
Mich. Comp. Laws § 500.2942— Liability for statements made in reports, at hearings, or in findings; reports of inspection bureau
Mich. Comp. Laws § 500.2943— Appeal to insurance commissioner; hearing; order
Mich. Comp. Laws § 500.2952— Federal riot reinsurance reimbursement fund; contents, assessments, reimbursements, retroactive effect
Mich. Comp. Laws § 500.2954— Determinations made by commissioner