FARM PRODUCE INSURANCE ACT
Act 198 of 2003
AN ACT to provide insurance to farm produce producers against losses from the failure of grain dealers; to establish a farm produce insurance authority; to prescribe the powers and duties of the authority and its board; to establish a farm produce insurance fund; to provide for assessments on grain dealers; to prescribe certain powers and duties of certain state agencies and officers; to authorize the promulgation of rules; and to repeal acts and parts of acts.
History: 2003, Act 198, Imd. Eff. Nov. 10, 2003
© 2009 Legislative Council, State of Michigan
The People of the State of Michigan enact:
| Section 285.311 | Section | Short title. |
| Section 285.313 | Section | Definitions. |
| Section 285.315 | Section | Farm produce insurance authority; creation; powers, duties, and functions. |
| Section 285.317 | Section | Board of directors; membership; terms; vacancy; quorum; meetings; notice; waiver of objection; duties; powers; compensation; inspection of books and records. |
| Section 285.318 | Section | Conduct of business at public meetings; public notice; disclosure of information. |
| Section 285.319 | Section | Farm produce insurance fund; establishment; payments; allocation for administrative expenses; payment for legal services and expenses; investment officer; manner of investment; establishment of fiscal year. |
| Section 285.321 | Section | Producer premium; limitation; payment; deduction from proceeds; notice to producer; forwarding for deposit into fund; manner of notice; retention of books and records; availability for inspection or verification; disclosure; certification of amount of money in fund. |
| Section 285.323 | Section | Producer premium; refund. |
| Section 285.325 | Section | Claim for reimbursement. |
| Section 285.327 | Section | Use of money; severability; audit. |
| Section 285.329 | Section | Action by director or department; defenses. |
| Section 285.331 | Section | Acts as misdemeanor; penalties; enforcement action. |