§ 418.501 Self-insurers’ security fund and second injury fund; silicosis, dust disease, and logging industry compensation fund; uninsured employer’s security fund; private employer group self-insurers security
§ 418.501a Liability of self-insurer’s security fund; termination on January 1, 2020; responsibility of PEGSISF on and after January 1, 2020; assessment
§ 418.501b Assessments
§ 418.502 “Insolvent private self-insured employer” defined
§ 418.511 Board of trustees; appointment, term, expenses
§ 418.515 Board of trustees; powers and duties; funds administrator; office space; clerical assistance; expenses; legal advice and representation
§ 418.521 Second injury fund; payments reimbursable
§ 418.531 Disability or death from silicosis, dust disease, employment in logging industry, or exposure to polybrominated biphenyl; reimbursement of carrier; limitation; right of funds to commence action and ob
§ 418.535 Disability caused by combination of causes; apportionment; reimbursement of employer
§ 418.537 Payments from self-insurers’ security fund
§ 418.538 Claims authorized under MCL 418.501a; payment
§ 418.541 Payments from funds; notice of claim for reimbursement; agreements; rights of fund as employer or carrier
§ 418.545 Compromising liability of silicosis, dust disease, and logging industry compensation fund; redemption of liability
§ 418.551 Assessments; notice; payment; assessments as elements of loss in establishing rates; continuation of liability; certification of receipts; delinquencies; disposition of money; investments; disposition
§ 418.552 Insufficiency of funds; borrowing; repayment; restriction; special assessment
§ 418.552b Silicosis, dust disease, and logging industry compensation fund; review; report
§ 418.553 Self-insurers’ security fund or private employer group self-insurers security fund; subrogation
§ 418.555 Reimbursement provisions; delinquent carriers
§ 418.561 Application for self-insurance; agreement as to insolvency
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Terms Used In Michigan Laws > Chapter 418 > Act 317 of 1969 > Chapter 5 - Funds

  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
  • Affected municipality: means a city or village in which a proposed interstate highway route or alternate route would wholly or partly lie. See Michigan Laws 252.151
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Automobile graveyard: means any establishment or place of business which is maintained, used or operated for storing, keeping, buying or selling wrecked, scrapped, ruined or dismantled motor vehicles or motor vehicle parts. See Michigan Laws 252.201
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Board: means the highway location arbitration board. See Michigan Laws 252.151
  • Carrier: means a self-insurer or an insurer. See Michigan Laws 418.601
  • Commission: means the state highway commission or its designated representative. See Michigan Laws 252.151
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Department: means the department of state highways. See Michigan Laws 252.151
  • Dependent: A person dependent for support upon another.
  • director: means the director of the bureau or his or her duly authorized representative. See Michigan Laws 418.201
  • Disability: means a limitation of an employee's wage earning capacity in work suitable to his or her qualifications and training resulting from a personal injury or work-related disease. See Michigan Laws 418.301
  • employee: means :
  (a) A person in the service of the state, a county, city, township, village, or school district, under any appointment, or contract of hire, express or implied, oral or written. See Michigan Laws 418.161
  • Employment in the logging industry: means employment in the logging industry as described in the section in the workmen's compensation and employers liability insurance manual, entitled, "logging or lumbering and drivers code no. See Michigan Laws 418.501
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • in writing: shall be construed to include printing, engraving, and lithographing; except that if the written signature of a person is required by law, the signature shall be the proper handwriting of the person or, if the person is unable to write, the person's proper mark, which may be, unless otherwise expressly prohibited by law, a clear and classifiable fingerprint of the person made with ink or another substance. See Michigan Laws 8.3q
  • Insurer: means an organization that transacts the business of worker's compensation insurance within this state. See Michigan Laws 418.601
  • Interstate highway: means a highway route on the interstate system as defined in and designated pursuant to Title 23 of the United States Code, prior to the effective date of this act. See Michigan Laws 252.151
  • Junk: means old or scrap copper, brass, rope, rags, batteries, paper, trash, rubber debris, waste, or junked, dismantled or wrecked automobiles, or parts of automobiles, iron, steel and other old or scrap ferrous or nonferrous material. See Michigan Laws 252.201
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • month: means a calendar month; the word "year" a calendar year; and the word "year" alone shall be equivalent to the words "year of our Lord". See Michigan Laws 8.3j
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • PEGSISF: means the fund created in subsection (4). See Michigan Laws 418.501
  • person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Self-insurer: means either of the following:
    •   (i) An individual employer authorized to carry its own risk. See Michigan Laws 418.601
  • state: 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
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.
  • United States: shall be construed to include the district and territories. See Michigan Laws 8.3o