Michigan Laws 500.4703 – Conflict between provision of act and provision of chapter; chapter as controlling; sections applicable to SPFCs; exemption
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Terms Used In Michigan Laws 500.4703
- Commissioner: means the director. See Michigan Laws 500.102
(1) No provisions of this act, other than those specifically referenced in this chapter, apply to an SPFC, and those provisions apply only as modified by this chapter. If a conflict occurs between a provision of this act and a provision of this chapter, this chapter controls.
(2) Sections 210 to 222, 226 to 238, 244 to 251, 2057 to 2062, and 4673 and chapter 45 apply to SPFCs.
(3) The commissioner, by rule, regulation, or order, may exempt an SPFC or its protected cells, on a case-by-case basis, from provisions of this chapter that the commissioner determines to be inappropriate given the nature of the risks to be insured.