Section 124.9 - Group self-insurance pool as self-insurer for motor vehicle security; membership in catastrophic claims association required.
INTERGOVERNMENTAL CONTRACTS BETWEEN MUNICIPAL CORPORATIONS (EXCERPT)
Act 35 of 1951
124.9 Group self-insurance pool as self-insurer for motor vehicle security; membership in catastrophic claims association required.
Sec. 9.
(1) A group self-insurance pool shall be deemed a self-insurer for motor vehicle security under section 3101 of the insurance code of 1956, Act No. 218 of the Public Acts of 1956, as amended, being section 500.3101 of the Michigan Compiled Laws, and section 531 of the Michigan vehicle code, Act No. 300 of the Public Acts of 1949, being section 257.531 of the Michigan Compiled Laws. Members of the pool participating in the motor vehicle self-insurance provided by the pool shall be deemed to meet the requirements of security as required by those acts and no application for a certificate of self-insurance under section 531 of Act No. 300 of the Public Acts of 1949 shall be required.
(2) A group self-insurance pool providing motor vehicle security under this section shall become a member of the catastrophic claims association created by section 3104 of the insurance code, Act No. 218 of the Public Acts of 1956, as amended, being section 500.3104 of the Michigan Compiled Laws.
History: Add. 1982, Act 138, Imd. Eff. Apr. 27, 1982