Michigan § 500.2842 - Average or pro rata clause; form; filing and approval.
Full text of Michigan Michigan Compiled Laws § 500.2842 — Average or pro rata clause; form; filing and approval., with citation guidance and answers to common questions.
§ 500.2842. Average or pro rata clause; form; filing and approval.
An insurer authorized to do business within this state may attach to an existing policy or to one to be issued by the insurer an average or pro rata clause.
The average or pro rata clause shall be made substantially in the following form:
"It is hereby agreed, in case of loss, this policy shall attach in or on each building, division, or location in such proportion as the values in or on the buildings, division, or location bear to the aggregate value of the property insured."
It shall not be necessary for all average or pro rata rider clauses to be in the exact language used in subsection (2), but such clause shall not be attached to a policy unless the form of the clause was filed with and received the approval of the commissioner.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.2842
What does Michigan Compiled Laws § 500.2842 cover?
Section 500.2842 ("Average or pro rata clause; form; filing and approval.") 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 § 500.2842?
A common citation format is "Michigan Compiled Laws § 500.2842" (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 § 500.2842 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.