Michigan Compiled Laws § 500.7086 Security Fund As Creditor Of Insolvent Mewa; Reimbursement From Insolvent Mewa.

500.7086 Security fund as creditor of insolvent MEWA; reimbursement from insolvent MEWA.

Sec. 7086.

The security fund after paying a covered claim to an employee or dependent shall have all the rights of a creditor of the insolvent MEWA to the extent of benefits it paid. The board shall have the right and obligation to obtain reimbursement from an insolvent MEWA for any money paid out as benefits to the covered participants of the insolvent MEWA, including expenses pertinent to payments or recovery thereof.

History: Add. 1986, Act 121, Eff. July 1, 1986
Popular Name: Act 218

Section: Previous  500.7032  500.7034  500.7040  500.7044  500.7050  500.7060  500.7070  500.7074  500.7076  500.7078  500.7080  500.7084  500.7086  500.7090    Next

Last modified: October 10, 2016