Michigan Laws 338.1092 – Liability insurance
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 338.1092
- Governing board: means a board of regents, board of trustees, board of governors, board of control, or other governing body of an institution of higher education. See Michigan Laws 338.1052
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
- Private college security force: means a security force authorized under section 37. See Michigan Laws 338.1052
The governing board of a private college or university that creates a private college security force shall provide liability insurance coverage for each member of the private college security force without cost to the member, which will insure the member against any liability arising out of or in the course of the member’s employment for not less than $250,000.00 of coverage, unless that indemnification is provided by a program of self-insurance.