§ 500.6500 Applicability of chapter
§ 500.6502 Formation of limited liability pool; purpose
§ 500.6506 Powers of limited liability pool; limitation
§ 500.6510 Commencement of business; pool not subject to MCL 500.410
§ 500.6512 Limited liability pool; formation; purpose
§ 500.6514 Limited liability pool; rates
§ 500.6516 Limited liability pool; underwriting rules
§ 500.6517 Limited liability pool; reinsurance
§ 500.6518 Management of property, business, and affairs of pool by directors; selection and term of directors; first annual meeting; interim authority
§ 500.6522 Insured person as member of pool; voting rights; quorum; inspection of books
§ 500.6532 Reserves for unearned premiums
§ 500.6534 Contingency reserve; deposit with state treasurer; use of deposit
§ 500.6540 Assessment of member
§ 500.6550 Loans

Terms Used In Michigan Laws > Chapter 500 > Act 218 of 1956 > Chapter 65 - Limited Liability Pools

  • annual meeting: when applied to townships, mean the annual meeting required by law to be held on the Saturday immediately preceding the first Monday in April. See Michigan Laws 8.3d
  • Appointing authority: means a court or a department, board, commission, agency, or licensing authority of this state or a political subdivision of this state or an entity that is required to provide a qualified interpreter in circumstances described under section 3a. See Michigan Laws 393.502
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Blind person: means an individual who has a visual acuity of 20/200 or less in the better eye with correction, or has a limitation of his or her field of vision such that the widest diameter of the visual field subtends an angular distance not greater than 20 degrees, as determined by the commission. See Michigan Laws 393.351
  • Commission: means the commission for the blind. See Michigan Laws 393.351
  • Commissioner: means the director. See Michigan Laws 500.102
  • Concession: means equipment or location which is being used, or may be used to sell retail confections, tobaccos, papers, periodicals, and other like merchandise, coffee, milk, soft drinks, wrapped ice cream, wrapped sandwiches, wrapped baked goods, packaged salads and other similar food items. See Michigan Laws 393.351
  • Contract: A legal written agreement that becomes binding when signed.
  • deaf interpreter: means any person, including any deaf or deaf-blind person, who is able to assist in providing an accurate interpretation between spoken English and sign language or between variants of sign language by acting as an intermediary between a deaf or deaf-blind person and a qualified interpreter. See Michigan Laws 393.502
  • Deaf-blind person: means a person who has a combination of hearing loss and vision loss, such that the combination necessitates specialized interpretation of spoken and written information in a manner appropriate to that person's dual sensory loss. See Michigan Laws 393.502
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Department: means the department of labor. See Michigan Laws 393.351
  • Division: means the division on deaf and hard of hearing of the department of labor and economic growth. See Michigan Laws 393.502
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
  • 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 individual, corporation, association, partnership, reciprocal exchange, inter-insurer, Lloyds organization, fraternal benefit society, or other legal entity, engaged or attempting to engage in the business of making insurance or surety contracts. See Michigan Laws 500.106
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Qualified interpreter: means a person who is certified through the national registry of interpreters for the deaf or certified through the state by the division. See Michigan Laws 393.502
  • Quorum: The number of legislators that must be present to do business.
  • 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
  • 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
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.