Statutes, codes, and regulations

Michigan Compiled Laws

Chapter 500 - INSURANCE CODE OF 1956THE INSURANCE CODE OF 1956

Subarticle - CHAPTER 28. FIRE INSURANCE CONTRACTS

Section 500.2850 - [Repealed]

Mich. Comp. Laws § 500.2850

Current through Public Act 48 of the 2024 Legislative Session

Section 500.2850 - [Repealed]

MCL 500.2850

Repealed. 1962, Act 71, Eff. 3/28/1963.

Section 500.2845 - Withholding 25% of actual cash value or final settlement where loss to insured real property due to fire or explosion; notice to city, village, or township treasurer, insured, and mortgagee; escrowing and retaining withheld amount; procedure; recording information and depositing money in trust or escrow account; releasing policy proceeds to mortgagee; commingling funds prohibited; retaining earned interest; forwarding money to insured; reasonable proof; using retained proceeds to secure, repair, or demolish damaged or destroyed structure and clear property; returning unused portion of retained proceeds; demolition of property; civil action for return of policy proceeds; liability of insurer; applicability of section; list of cities, villages, and townships; exception to withholding requirements; definitions
Section 500.2860 - Contrary provision void

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