Acquiring Insurer as Party in Place of State Accident Fund - Mich. Comp. Laws Section 500.5108
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Michigan Laws > Insurance Code Of 1956 > Acquiring Insurer as Party in Place of State Accident Fund - Mich. Comp. Laws Section 500.5108
500.5108 Acquiring insurer as party in place of state accident fund.
Within 90 days after the effective date of the transfer, the acquiring insurer shall apply to the court or administrative agency in this state in which an action or proceeding is pending in which the state accident fund was a party pursuant to section 731 of the worker's disability compensation act of 1969, Act No. 317 of the Public Acts of 1969, being section 418.731 of the Michigan Compiled Laws, to be substituted as a party in place of the state accident fund.
Section: 500.5028 500.5036 500.5040 500.5100 500.5102 500.5104 500.5106 500.5108 500.5110 500.5112 500.5114 500.5200 500.5202 500.5204 500.5205
History: Add. 1993, Act 200, Eff. Dec. 28, 1994
Compiler's Notes: Section 3 of Act 200 of 1993 provides as follows:"Section 3. This amendatory act shall not take effect unless the state administrative board certifies in writing to the secretary of state by December 31, 1994 that an agreement for the transfer of all or substantially all of the assets and the assumption of all or substantially all of the liabilities of the state accident fund has been consummated with a permitted transferee pursuant to the requirements of section 701a of the worker's disability compensation act of 1969, Act No. 317 of the Public Acts of 1969, being section 418.701a of the Michigan Compiled Laws."
Popular Name: Act 218
Last modified: March 17, 2013