500.2301 Participation in facility by insurers required; purposes. Sec. 2301. Each insurer authorized to write worker’s compensation insurance in this state shall participate in the Michigan worker’s compensation placement facility for the purpose of doing all of the following: (a) Providing worker’s compensation insurance to any person who is unable to procure the insurance through […]
500.2303 Definitions. Sec. 2303. As used in this chapter: (a) “Facility” means the Michigan worker’s compensation placement facility created under this chapter. (b) “Participating member” means an insurer who is a member of the facility and who in any given calendar year has a participation ratio greater than zero in the facility for that year. […]
500.2310 Facility; operation; board of governors; appointment, terms, and qualifications of members. Sec. 2310. The facility shall operate subject to the supervision of a board of governors appointed by the commissioner. The members of the board of governors shall serve for terms of 2 years. The board shall consist of 5 participating members, 2 worker’s […]
500.2312 Facility; plan of operation; preparation, approval, review, and revision; required provisions; application of plans to insureds; retrospective evaluation of premiums and loss and expense experience. Sec. 2312. (1) A plan of operation of the facility shall be prepared by the board of governors and shall be subject to the approval of the commissioner. The […]
500.2318 Facility; classification and rating systems; determination and use. Sec. 2318. (1) The classification and rating systems of the facility shall be determined by the designated advisory organization, subject to the requirements of this chapter and the approval of the commissioner. (2) Every participating member designated to act on behalf of the facility shall be […]
500.2320 Facility; deferred premium payment plans. Sec. 2320. The facility shall provide for deferred premium payment plans which shall include sufficient advance payments at least equal to the pro rata earned premium at all times. History: Add. 1982, Act 8, Eff. Jan. 1, 1983 Popular Name: Act 218
500.2322 Agent authorized to solicit, negotiate, or effect worker’s compensation insurance on behalf of facility or participating member; rights and duties. Sec. 2322. Every agent who is authorized to solicit, negotiate, or effect worker’s compensation insurance on behalf of the facility or on behalf of any participating member shall: (a) Offer to place worker’s compensation […]
500.2350 Formal hearing and ruling by facility board of governors; request; appeal; commissioner’s order. Sec. 2350. (1) Any participating member, applicant, person, or business insured under a policy placed through the facility may request a formal hearing and ruling by the board of governors of the facility on any of the following: (a) An alleged […]
500.2352 Determinations made by commissioner. Sec. 2352. Determinations made by the commissioner pursuant to this chapter shall be made independent of the credits provided to insurers pursuant to the former single business tax act, 1975 PA 288, or the Michigan business tax act, 2007 PA 36, MCL 208.1101 to 208.1601. History: Add. 1987, Act 261, […]
