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218-1956-28
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THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 28
FIRE INSURANCE CONTRACTS

DocumentTypeDescription
Section 500.2804SectionFire insurance contracts on property herein deemed made in Michigan.
Section 500.2806SectionPolicy or contract of fire insurance; requirements.
Section 500.2807, 500.2808Section Repealed. 1990, Act 305, Imd. Eff. Dec. 14, 1990.
Section 500.2810SectionPrinting regulations on fire policy.
Section 500.2812SectionCombination fire policy; mandatory provisions.
Section 500.2816-500.2824Section Repealed. 1990, Act 305, Imd. Eff. Dec. 14, 1990.
Section 500.2826SectionLiability for difference between actual value of property and amount expended to repair, rebuild, or replace.
Section 500.2827SectionFire 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.
Section 500.2828SectionRepealed. 1990, Act 305, Imd. Eff. Dec. 14, 1990.
Section 500.2832SectionRepealed. 1990, Act 305, Eff. Jan. 1, 1992.
Section 500.2833SectionFire insurance policy; mandatory provisions; coverage.
Section 500.2834SectionFire insurance policy; exclusion related to terrorism; definition.
Section 500.2836SectionBreach of warranty or condition as defense; payment of losses.
Section 500.2840SectionRepealed. 1990, Act 305, Imd. Eff. Dec. 14, 1990.
Section 500.2842SectionAverage or pro rata clause; form; filing and approval.
Section 500.2845SectionWithholding 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.
Section 500.2850SectionRepealed. 1962, Act 71, Eff. Mar. 28, 1963.
Section 500.2860SectionContrary provision void.
Section 500.2862SectionRepealed. 1978, Act 219, Eff. Dec. 5, 1978.
Section 500.2866SectionViolation of chapter; forfeiture and disposition of fine; revocation of authority to transact business; reinstatement.
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