Michigan Laws 418.601 – Definitions
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Whenever used in this act:
(a) “Insurer” means an organization that transacts the business of worker’s compensation insurance within this state.
Terms Used In Michigan Laws 418.601
- Insurer: means an organization that transacts the business of worker's compensation insurance within this state. See Michigan Laws 418.601
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Self-insurer: means either of the following:
(i) An individual employer authorized to carry its own risk. See Michigan Laws 418.601state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
(b) “Self-insurer” means either of the following:
(i) An individual employer authorized to carry its own risk.
(ii) A group of employers who pool their liabilities under this act as a group fund in the manner provided in section 611.
(c) “Carrier” means a self-insurer or an insurer.