Michigan Laws 500.6872 – Uniform farm mutual fire policy; rate, premium, assessment, expiration
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Michigan Laws 500.6872
- Rate: means the cost of insurance per payroll before adjustment for an individual insured's size, exposure, or loss experience. See Michigan Laws 500.2402
If a company issues its policies for a specified term and/or charges an advance premium or assessment, the form set forth for the face of the policy may be altered to show rate, premium or assessment and expiration date of policy.