Michigan § 390.1129 - Annual excess loss as obligation of state; payment; limitation; payment of incurred loss.

Full text of Michigan Michigan Compiled Laws § 390.1129 — Annual excess loss as obligation of state; payment; limitation; payment of incurred loss., with citation guidance and answers to common questions.

§ 390.1129. Annual excess loss as obligation of state; payment; limitation; payment of incurred loss.

Sec. 9.(1)

The annual excess loss shall be an obligation of this state and shall be paid directly to the claimant from the general fund of the state.

(2)

The amount paid by the state shall not exceed $100,000.00 per judgment, settlement, or award per year, plus interest at a rate not to exceed 6% per year of the unpaid balance until the entire amount of the judgment, settlement, or award is paid.

(3)

An incurred loss shall first be paid from the indemnification reserve fund.

Source: official Michigan text · Last verified 2026-08-27

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Frequently Asked Questions About Michigan § 390.1129

What does Michigan Compiled Laws § 390.1129 cover?

Section 390.1129 ("Annual excess loss as obligation of state; payment; limitation; payment of incurred loss.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Michigan § 390.1129?

A common citation format is "Michigan Compiled Laws § 390.1129" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Michigan law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.

How does Michigan § 390.1129 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.