Michigan Compiled Laws § 500.7202 Reciprocal Insurance Exchanges; Insuring Powers.

500.7202 Reciprocal insurance exchanges; insuring powers.

Sec. 7202.

Individuals, partnerships and public or private corporations of this state, hereby designated subscribers, are hereby authorized to exchange reciprocal or interinsurance contracts with each other or with individuals, partnerships and corporations of other states and countries providing indemnity among themselves and from any loss which may be insured against under other provisions of the laws, including employers' liability, workmen's compensation and accident insurance, and excepting life and health insurance.

History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1957, Act 91, Eff. Sept. 27, 1957
Popular Name: Act 218

Section: 500.7200  500.7202  500.7206  500.7210  500.7214  500.7218  500.7222  500.7226  500.7230  500.7234    Next

Last modified: October 10, 2016