Michigan Compiled Laws 218-1956-28 Chapter 28 Fire Insurance Contracts (500.2804...500.2866)

• Section 500.2804 Fire Insurance Contracts On Property Herein Deemed Made In Michigan.
  All contracts of fire insurance upon property real or personal located in this state shall be held and deemed to be made and consummated...
• Section 500.2806 Policy Or Contract Of Fire Insurance; Requirements.
  A policy or contract of fire insurance shall not be made, issued, or delivered by an insurer or by an agent or representative of...
• Section 500.2807, 500.2808 Repealed. 1990, Act 305, Imd. Eff. Dec. 14, 1990.
  Compiler's Notes: The repealed sections pertained to exemptions for and format for standard fire policy.Popular Name: Act 218
• Section 500.2810 Printing Regulations On Fire Policy.
  If a fire policy is issued by a mutual, cooperative, or reciprocal insurer having special regulations with respect to the payment by the policyholder...
• Section 500.2812 Combination Fire Policy; Mandatory Provisions.
  Two or more insurers authorized to transact fire insurance in this state may, with the approval of the commissioner, issue a combination fire policy...
• Section 500.2816-500.2824 Repealed. 1990, Act 305, Imd. Eff. Dec. 14, 1990.
  Compiler's Notes: The repealed sections pertained to binders or other contracts for temporary insurance and to riders and indorsements.Popular Name: Act 218
• Section 500.2826 Liability For Difference Between Actual Value Of Property And Amount Expended To Repair, Rebuild, Or Replace.
  An insurer may issue a fire insurance policy, insuring property, by which the insurer agrees to reimburse and indemnify the insured for the difference...
• Section 500.2827 Fire Policy Providing Reimbursement For Lost Or Damaged Property; Maximum Liability; Cash Settlement; Payment Of Amount In Excess Of Actual Cash Value Of Lost Or Damaged Property.
  (1) An insurer may issue a fire policy, insuring property, by which the insurer agrees to reimburse and indemnify the insured for the difference...
• Section 500.2828 Repealed. 1990, Act 305, Imd. Eff. Dec. 14, 1990.
  Compiler's Notes: The repealed section pertained to coverage for loss or damage caused by nuclear reaction, nuclear radiation, or radioactive contamination. Popular Name: Act 218
• Section 500.2832 Repealed. 1990, Act 305, Eff. Jan. 1, 1992.
  Compiler's Notes: The repealed section pertained to form of standard policy.Popular Name: Act 218
• Section 500.2833 Fire Insurance Policy; Mandatory Provisions; Coverage.
  (1) Each fire insurance policy issued or delivered in this state shall contain the following provisions: (a) That the policy shall provide, at a...
• Section 500.2834 Fire Insurance Policy; Exclusion Related To Terrorism; Definition.
  (1) Notwithstanding section 2833, a commercial fire insurance policy issued or delivered in this state may exclude coverage for loss by fire or other...
• Section 500.2836 Breach Of Warranty Or Condition As Defense; Payment Of Losses.
  (1) An insurer shall not base a defense under the terms of a fire insurance policy permitted to be used in this state, upon...
• Section 500.2840 Repealed. 1990, Act 305, Imd. Eff. Dec. 14, 1990.
  Compiler's Notes: The repealed section pertained to coinsurance clauses. Popular Name: Act 218
• Section 500.2842 Average Or Pro Rata Clause; Form; Filing And Approval.
  (1) An insurer authorized to do business within this state may attach to an existing policy or to one to be issued by the...
• Section 500.2845 Withholding 25% Of Actual Cash Value Or Final Settlement Where Loss To Insured Real Property Due To Fire Or Explosion; Notice To City, Village, Or Township Treasurer, Insured, And Mortgagee; Escrowing And Retaining Withheld Amount; Procedure; Recording Information And Depositing Money In Trust Or Escrow Account; Releasing Policy Proceeds To Mortgagee; Commingling Funds Prohibited; Retaining Earned Interest; Forwarding Money To Insured; Reasonable Proof; Using Retained Proceeds To Secure, Repair, Or Demolish Damaged Or Destroyed Structure And Clear Property; Returning Unused Portion Of Retained Proceeds; Demolition Of Property; Civil Action For Return Of Policy Proceeds; Liability Of Insurer; Applicability Of Section; List Of Cities, Villages, And Townships; Exception To Withholding Requirements; Definitions.
  (1) If a claim is filed for a loss to insured real property due to fire or explosion and a final settlement is reached...
• Section 500.2850 Repealed. 1962, Act 71, Eff. Mar. 28, 1963.
  Compiler's Notes: The repealed section prohibited limitation of liability for failure to insure property for certain amount.Popular Name: Act 218
• Section 500.2860 Contrary Provision Void.
  Any provision of a fire insurance policy, which is contrary to the provisions of this chapter, shall be absolutely void, and an insurer issuing...
• Section 500.2862 Repealed. 1978, Act 219, Eff. Dec. 5, 1978.
  Compiler's Notes: The repealed section pertained to termination of homeowner's policy.Popular Name: Act 218
• Section 500.2866 Violation Of Chapter; Forfeiture And Disposition Of Fine; Revocation Of Authority To Transact Business; Reinstatement.
  (1) Any person that, either as principal or agent, wilfully issues or causes to be issued, any policy or contract of fire insurance on...

Last modified: October 10, 2016