550.701 Insurance of state property; determination; approval; bids; purchase of deductible or catastrophe insurance; payment of premiums. Sec. 1. (1) An officer or agent of this state or a person or persons having charge of a state owned and state used building or property of the state shall not pay out any public moneys or […]
550.702, 550.703 Repealed. 1965, Act 365, Imd. Eff. July 23, 1965. Compiler’s Notes: The repealed sections provided for state insurance fund and for investment of moneys therein.
550.704 Loss in case of damage; fixing amount. Sec. 4. In case any buildings or property of the state other than those insured under the provisions of section 1 shall be damaged by fire, lightning, windstorm, explosion, riot, riot attending a strike, civil commotion, falling aircraft, hail (except growing crops) and smoke, caused from faulty […]
550.705 Loss in case of damage; payment, release of additional amounts necessary to rebuild or restore. Sec. 5. When the amount of loss has been fixed and determined to be $50,000.00 or less by the controller, the amount so determined is appropriated in the applicable fund to be used by the state administrative board, for […]
550.706 Repealed. 1993, Act 199, Eff. Dec. 28, 1994. Compiler’s Notes: The repealed section pertained to determination of assessments by state accident fund.
550.707, 550.708 Repealed. 1965, Act 365, Imd. Eff. July 23, 1965. Compiler’s Notes: The repealed sections pertained to duties of commissioner of insurance in administering state insurance act.
550.709 Self-liquidation projects exempted; applicability of act. Sec. 9. The provisions of this act shall not have application to any structure, building, or the contents thereof, acquired, purchased or erected as self-liquidating projects pursuant to the terms of Act No. 15 of the Public Acts of 1937, as amended, being sections 390.451 to 390.456, inclusive, […]
550.710 Election of coverage. Sec. 10. An institution, agency, authority or instrumentality of the state which, under the constitution or laws of the state, has control and direction of the expenditures of its funds may elect to be covered under the provisions of this act. History: Add. 1965, Act 365, Imd. Eff. July 23, 1965 […]
550.711 State insurance fund abolished; reversion of funds. Sec. 11. The state insurance fund is abolished on June 30, 1965, and any unencumbered balance in the fund at that time shall revert to the several state funds in the same proportion as the last previous premium assessments against such funds. History: Add. 1965, Act 365, […]
