Michigan Laws > Chapter 500 > Act 218 of 1956 > Chapter 72 – Reciprocal Insurance Exchanges


§ 500.7200	Scope of chapter
§ 500.7202	Reciprocal insurance exchanges; insuring powers
§ 500.7206	Reciprocal insurance exchanges; execution of contract by attorney
§ 500.7210	Declaration; bond
§ 500.7214	Reciprocal insurance exchanges; actions and suits
§ 500.7218	Reciprocal insurance exchanges; limit of risk; statement of maximum assumed by subscriber
§ 500.7226	Reciprocal insurance exchanges; corporation empowered to exchange contracts
§ 500.7230	Reciprocal insurance exchanges; records and securities of domestic insurers; safekeeping
§ 500.7234	Reciprocal insurance exchanges; filing of fire, lightning, or windstorm rates

Commissioner: means the director. See Michigan Laws 500.102
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.
Oath: A promise to tell the truth.
oath: shall be construed to include the word "affirmation" in all cases where by law an affirmation may be substituted for an oath; and in like cases the word "sworn" shall be construed to include the word "affirmed". See Michigan Laws 8.3k
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
subscriber: means an individual who enters into an insurance contract for health insurance, or on whose behalf an insurance contract for health insurance is entered into, with an insurer. See Michigan Laws 500.116