Mich. Comp. Laws § 500.7916

Current through Public Act 39 of the 2024 Legislative Session
Section 500.7916 - Property and casualty guaranty association; servicing facilities; designation; reimbursement; authority; approval

In accordance with its plan of operation the association may designate 1 or more of its members as servicing facilities but a member may decline such designation. Each servicing facility shall be reimbursed by the association for any expenses it incurs and for any payments it makes on behalf of the association. Each servicing facility shall have authority to perform any functions of the association that the governors lawfully may delegate to it and to do so on behalf of and in the name of the association. The designation of servicing facilities shall be subject to the approval of the commissioner.

MCL 500.7916

Add. 1969, Act 277, Imd. Eff. 8/11/1969 .