Main Content 218-1956-65 friendly link printer friendly mcl index link Search within this Statute for THE INSURANCE CODE OF 1956 (EXCERPT)Act 218 of 1956 Chapter 65 LIMITED LIABILITY POOLS DocumentTypeDescription Section 500.6500SectionApplicability of chapter. Section 500.6502SectionFormation of limited liability pool; purpose. Section 500.6506SectionPowers of limited liability pool; limitation. Section 500.6510SectionCommencement of business; pool not subject to MCL 500.410. Section 500.6512SectionLimited liability pool; formation; purpose. Section 500.6514SectionLimited liability pool; rates. Section 500.6516SectionLimited liability pool; underwriting rules. Section 500.6517SectionLimited liability pool; reinsurance. Section 500.6518SectionManagement of property, business, and affairs of pool by directors; selection and term of directors; first annual meeting; interim authority. Section 500.6522SectionInsured person as member of pool; voting rights; quorum; inspection of books. Section 500.6532SectionReserves for unearned premiums. Section 500.6534SectionContingency reserve; deposit with state treasurer; use of deposit. Section 500.6540SectionAssessment of member. Section 500.6550SectionLoans.