Section 500.6854 Insurance in Excess of Fair Value Prohibited.

MI Comp L § 500.6854 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 6854.

No company organized or operating under this chapter shall issue a policy for an amount in excess of a fair value of the property insured.

History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218