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Michigan Legislature
Michigan Compiled Laws Complete Through PA 93 of 2019
House: Adjourned until Wednesday, November 20, 2019 10:00:00 AM
Senate: Adjourned until Wednesday, November 20, 2019 10:00:00 AM


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Act 315 of 1977
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INDEMNIFICATION RESERVE FUND

Act 315 of 1977

AN ACT to authorize certain institutions of higher education to establish an indemnification reserve fund to pay losses arising out of professional liability, institutional liability, premises liability, or the institution's vicarious liability which occurs in the scope of employment, program, or authority; to establish a risk management system; to prescribe powers and duties of the department of licensing and regulation and the department of treasury; and to provide for the satisfaction of judgments and the settlement of claims.


History: 1977, Act 315, Imd. Eff. Jan. 9, 1978 ;-- Am. 1982, Act 24, Imd. Eff. Mar. 4, 1982


© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
Section 390.1121SectionMeanings of words and phrases.
Section 390.1122SectionDefinitions; A to E.
Section 390.1123SectionDefinitions; I to L.
Section 390.1124SectionDefinitions; P.
Section 390.1125SectionDefinitions; R to U.
Section 390.1126SectionAssumption by state of excess loss of university or its agents; conditions.
Section 390.1127SectionState payment of excess loss of university; qualifications; indemnification reserve fund; compliance with MCL 500.100 to 500.8302.
Section 390.1128SectionInformation to be filed with state insurance bureau.
Section 390.1129SectionAnnual excess loss as obligation of state; payment; limitation; payment of incurred loss.
Section 390.1130SectionNaming state as party prohibited; act or fund not to be mentioned at trial or hearing.
Section 390.1131SectionAnnual report.
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