Michigan Compiled Laws § 500.4703 Conflict Between Provision Of Act And Provision Of Chapter; Chapter As Controlling; Sections Applicable To Spfcs; Exemption.

500.4703 Conflict between provision of act and provision of chapter; chapter as controlling; sections applicable to SPFCs; exemption.

Sec. 4703.

(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.

History: Add. 2008, Act 29, Imd. Eff. Mar. 13, 2008
Popular Name: Act 218

Section: 500.4701  500.4703  500.4705  500.4707  500.4709  500.4711  500.4713  500.4715  500.4717  500.4719  500.4721  500.4723  500.4725  500.4727  500.4729  Next

Last modified: October 10, 2016