§ 500.6800 Scope of chapter; code applicability to domestic farmers’ mutual insurers
§ 500.6802 Formation of mutual plan insurers
§ 500.6804 Farmers’ mutuals; organization; insuring powers
§ 500.6806 Company organized or operating under MCL 500.6804; limit of risk
§ 500.6807 Farmers’ mutuals; coverage of property while off insured premises
§ 500.6822 Certificate of authority; required to transact business; expiration; renewal; revocation; qualification for certificate of authority or commencing business
§ 500.6823 Property insurance; territorial limitations
§ 500.6824 Reinsurance; limitations
§ 500.6826 Records and reports; requirements
§ 500.6828 Financial report to members; penalty for violations
§ 500.6830 Directors and officers; election
§ 500.6834 Corporation, board, or association as member
§ 500.6838 Premium notes and assessments; liens
§ 500.6840 Levy of assessment; deficit; farmers’ mutuals; advance premiums; surplus; membership fees; nonassignable policies
§ 500.6842 Failure to make assessment; penalty
§ 500.6844 Surplus fund; accumulation
§ 500.6846 Board of directors; borrowing power
§ 500.6848 Unearned premium reserve; refund
§ 500.6850 Investments; real estate; agricultural credit corporation membership
§ 500.6854 Insurance in excess of fair value prohibited
§ 500.6856 Maximum amount recoverable on face of policy; premium, assessments
§ 500.6858 Adjustment or arbitration of losses; subpoenas to witnesses; notice
§ 500.6859 Adjustment or arbitration of losses; service of subpoenas; fees
§ 500.6860 Adjustment or arbitration of losses; compelling attendance of witness; costs
§ 500.6862 Adjustment or arbitration of losses; administration of oath to witness; perjury
§ 500.6864 Limitation of actions
§ 500.6866 Uniform farm mutual fire policy
§ 500.6868 Uniform farm mutual fire policy; required form
§ 500.6869 Uniform farm mutual fire policy; conflicting bylaws, riders
§ 500.6870 Uniform farm mutual fire policy; optional provisions
§ 500.6872 Uniform farm mutual fire policy; rate, premium, assessment, expiration
§ 500.6874 Uniform farm mutual fire policy; printed descriptions and specifications of property
§ 500.6886 Additional provisions of code applicable to domestic mutual insurers

Terms Used In Michigan Laws > Chapter 500 > Act 218 of 1956 > Chapter 68 - Farmers' and Other Special Mutual Property Insurers (Domestic)

  • 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.
  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • 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
  • Appraisal: A determination of property value.
  • 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.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Bequest: Property gifted by will.
  • Commissioner: means the director. See Michigan Laws 500.102
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Department: means the department of labor and economic opportunity. See Michigan Laws 395.101a
  • Disabled individual: means any person, other than a person who is blind, who has a vocational disability. See Michigan Laws 395.82
  • Division: means the division on deaf and hard of hearing of the department of labor and economic growth. See Michigan Laws 393.502
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • 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.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • 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
  • 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
  • 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
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
  • Person: means an individual, partnership, corporation, limited liability company, association, organization, or other legal entity. See Michigan Laws 395.101a
  • Personal property: All property that is not real property.
  • Proprietary school: means a school that uses a certain plan or method to teach a trade, occupation, or vocation for a consideration, reward, or promise of any kind. See Michigan Laws 395.101a
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • 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
  • 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
  • State board: means the state board of education. See Michigan Laws 395.82
  • Statute: A law passed by a legislature.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • 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
  • Vocational disability: means any disability except blindness which constitutes, contributes to, or if not corrected will probably result in an obstruction to occupational performance. See Michigan Laws 395.82