MCL - Act 315 of 1977


Act 315 of 1977

AN ACT to authorize certain institutions of higher education to establish an indemnification reserve fund to pay losses arising out of professional liability, institutional liability, premises liability, or the institution's vicarious liability which occurs in the scope of employment, program, or authority; to establish a risk management system; to prescribe powers and duties of the department of licensing and regulation and the department of treasury; and to provide for the satisfaction of judgments and the settlement of claims.

History: 1977, Act 315, Imd. Eff. Jan. 9, 1978 ;-- Am. 1982, Act 24, Imd. Eff. Mar. 4, 1982

The People of the State of Michigan enact:
Document Type Description
Section 390.1121 Section Meanings of words and phrases.
Section 390.1122 Section Definitions; A to E.
Section 390.1123 Section Definitions; I to L.
Section 390.1124 Section Definitions; P.
Section 390.1125 Section Definitions; R to U.
Section 390.1126 Section Assumption by state of excess loss of university or its agents; conditions.
Section 390.1127 Section State payment of excess loss of university; qualifications; indemnification reserve fund; compliance with MCL 500.100 to 500.8302.
Section 390.1128 Section Information to be filed with state insurance bureau.
Section 390.1129 Section Annual excess loss as obligation of state; payment; limitation; payment of incurred loss.
Section 390.1130 Section Naming state as party prohibited; act or fund not to be mentioned at trial or hearing.
Section 390.1131 Section Annual report.