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Code · Michigan · Chapter 500 — Insurance Code of 1956

500.6844 Surplus fund; accumulation.

64 words·~1 min read·/mi/chapter-500/500-6844

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500.6844 Surplus fund; accumulation.
Sec. 6844.
Any company organized or operating under this chapter may provide in its charter or by amendment to its charter for the collection of assessments and/or premiums in excess of the amount required to cover current losses and expenses, for the purpose of accumulating a surplus fund.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218
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