Michigan Compiled Laws § 500.6854 Insurance In Excess Of Fair Value Prohibited.

500.6854 Insurance in excess of fair value prohibited.

Sec. 6854.

No company organized or operating under this chapter shall issue a policy for an amount in excess of a fair value of the property insured.

History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218

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Last modified: October 10, 2016