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Code · Michigan · Chapter 500 — Insurance Code of 1956

500.6854 Insurance in excess of fair value prohibited.

47 words·~1 min read·/mi/chapter-500/500-6854

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500.6854 Insurance in excess of fair value prohibited.
Sec. 6854.
No company organized or operating under this chapter shall issue a policy for an amount in excess of a fair value of the property insured.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218
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