Michigan § 500.6516 - Limited liability pool; underwriting rules.
Full text of Michigan Michigan Compiled Laws § 500.6516 — Limited liability pool; underwriting rules., with citation guidance and answers to common questions.
§ 500.6516. Limited liability pool; underwriting rules.
A limited liability pool formed under this chapter shall put in writing all underwriting rules used by the insurer and shall file its underwriting rules with the commissioner prior to their use in this state.
As used in this section, "underwriting rules" means the written statements, guidelines, or criteria of a limited liability pool, that describe the standards under which the limited liability pool issues, refuses to issue, renews, refuses to renew, or limits coverage for liability insurance under this chapter.
Frequently Asked Questions About Michigan § 500.6516
What does Michigan Compiled Laws § 500.6516 cover?
Section 500.6516 ("Limited liability pool; underwriting rules.") 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 § 500.6516?
A common citation format is "Michigan Compiled Laws § 500.6516" (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 § 500.6516 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.