218-1956-77 Chapter 77 (500.7701...500.7780)

218-1956-77 Chapter 77 (500.7701...500.7780)

Section 500.7701 Short Title of Chapter.
Section 500.7702 Purpose and Construction of Chapter.
Section 500.7704 Coverages; Liability of Association; Limitations.
Section 500.7705 Definitions.
Section 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.
Section 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.
Section 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.
Section 500.7709 Assessments.
Section 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.
Section 500.7711 Additional Duties of Commissioner; Suspension or Revocation of Certificate of Authority; Forfeiture; Appeal; Judicial Review; Notice by Liquidator, Rehabilitator, or Conservator.
Section 500.7712 Detection and Prevention of Insurer Insolvencies or Impairments; Powers and Duties of Commissioner and Board of Directors; Reports and Recommendations.
Section 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.
Section 500.7715 Examination and Regulation of Association by Commissioner; Financial Report; Report of Activities.
Section 500.7716 Association Exempt From Fees and Taxes; Exception.
Section 500.7717 Nonliability of Member Insurer, Association, Board of Directors, or Commissioner in Performance of Powers and Duties.
Section 500.7718 Stay of Proceedings in Which Insolvent Insurer Party; Setting Aside Default Judgment; Defense.
Section 500.7719 Repealed. 1989, Act 302, Eff. Jan. 3, 1990.
Section 500.7780 Applicability of Chapter to Delinquent Insurer.

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