Terms Used In Michigan Laws > Chapter 388 > Act 289 of 1964 - Reorganization of School Districts

• Commissioner: means the director. See Michigan Laws 500.102
• Data collection agency: means an agency established for the purpose of effectuating the worker's compensation data requirements of this chapter. See Michigan Laws 500.2402
• Department: means the department of insurance and financial services. See Michigan Laws 500.102
• Designated advisory organization: means the advisory organization designated by the data collection agency pursuant to section 2407(2). See Michigan Laws 500.2402
• Director: means , unless the context clearly implies a different meaning, the director of the department. See Michigan Laws 500.102
• Facility: means the Michigan worker's compensation placement facility created under this chapter. See Michigan Laws 500.2303
• Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. ^{Source: OCC}
• Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. ^{Source: FDIC}
• 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
• Intermediate committee: means the committee for the reorganization of school districts created in this act. See Michigan Laws 388.681
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Participating member: means an insurer who is a member of the facility and who in any given calendar year has a participation ratio greater than zero in the facility for that year. See Michigan Laws 500.2303
• Quorum: The number of legislators that must be present to do business.
• Rate: means the cost of insurance per payroll before adjustment for an individual insured's size, exposure, or loss experience. See Michigan Laws 500.2402
• Rating system: means every classification, rating plan, merit rating plan, rating values, and manual, containing the rules used by an insurer in the determination of premiums. See Michigan Laws 500.2402
• Reorganization of school districts: means the formation of new school districts, the alteration of boundaries of established school districts, and the dissolution or disorganization of established school districts through or by means of any one or combination of the methods as set forth in this act. See Michigan Laws 388.681
• School code: means Act No. See Michigan Laws 388.681
• State committee: means the state committee for the reorganization of school districts created in this act. See Michigan Laws 388.681
• Statute: A law passed by a legislature.
• 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