Chapter

Chapter 77

Mich. Comp. Laws § 500.7701— Short title of chapter
Mich. Comp. Laws § 500.7702— Purpose and construction of chapter
Mich. Comp. Laws § 500.7704— Coverages; liability of association; limitations
Mich. Comp. Laws § 500.7705— Definitions
Mich. Comp. Laws § 500.7706— Michigan life and health insurance guaranty association; creation; membership requirement; performance of functions; exercise of powers; accounts; supervision of commissioner; applicability of insurance laws; meetings
Mich. Comp. Laws § 500.7707— Board of directors; appointment and election of members; vacancy; notice of organizational meeting; voting rights; approval of election or appointment; fair representation required; reimbursement for expenses
Mich. Comp. Laws § 500.7708— Powers and duties of association as to impaired or insolvent insurers; proceeding under subsection (3)(b) or (5)(b); paying or crediting rate of interest; nonpayment of premiums; premiums due and liability for unearned premiums; applicability of protection; additional powers of association; transfer of amount to association; failure of association to act; rendering assistance and advice to commissioner; standing; appearance; intervention; assignment of rights and causes of action; subrogation; reduced amounts; additional powers of association; reinsurance agreement; substitute coverage
Mich. Comp. Laws § 500.7709— Assessments
Mich. Comp. Laws § 500.7710— Plan of operation and amendments; submission to commissioner; effective date; failure to submit suitable plan or amendments; rules; compliance by member insurers; contents of plan; providing for delegation of powers and duties of association to other organization
Mich. Comp. Laws § 500.7711— Additional duties of commissioner; suspension or revocation of certificate of authority; forfeiture; appeal; judicial review; notice by liquidator, rehabilitator, or conservator
Mich. Comp. Laws § 500.7712— Detection and prevention of insurer insolvencies or impairments; powers and duties of commissioner and board of directors; reports and recommendations
Mich. Comp. Laws § 500.7714— Liability for unpaid assessments of insureds on impaired or insolvent insurer operating under plan with assessment liability; records of negotiations and meetings; report; association as creditor of impaired or insolvent insurer; “assets attributable to covered policies” defined; disbursement of assets
Mich. Comp. Laws § 500.7715— Examination and regulation of association by commissioner; financial report; report of activities
Mich. Comp. Laws § 500.7716— Association exempt from fees and taxes; exception
Mich. Comp. Laws § 500.7717— Nonliability of member insurer, association, board of directors, or commissioner in performance of powers and duties
Mich. Comp. Laws § 500.7718— Stay of proceedings in which insolvent insurer party; setting aside default judgment; defense
Mich. Comp. Laws § 500.7780— Applicability of chapter to delinquent insurer