Michigan Laws 500.7780 – Applicability of chapter to delinquent insurer
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Terms Used In Michigan Laws 500.7780
- 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
This chapter applies to a delinquent insurer for which delinquency proceedings have been commenced on or after May 1, 1982.