Michigan § 500.7234 - Reciprocal insurance exchanges; filing of fire, lightning, or windstorm rates.
Full text of Michigan Michigan Compiled Laws § 500.7234 — Reciprocal insurance exchanges; filing of fire, lightning, or windstorm rates., with citation guidance and answers to common questions.
§ 500.7234. Reciprocal insurance exchanges; filing of fire, lightning, or windstorm rates.
Any reciprocal or interinsurance exchange exchanging contracts of indemnity between its subscribers and providing coverage for loss by fire, lightning or windstorm and which maintains its own rates and schedule of rates shall not be required to join or become a member of a fire insurance rating bureau but may, in lieu of joining such bureau, file with the commissioner its schedule of rates.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.7234
What does Michigan Compiled Laws § 500.7234 cover?
Section 500.7234 ("Reciprocal insurance exchanges; filing of fire, lightning, or windstorm rates.") 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 § 500.7234?
A common citation format is "Michigan Compiled Laws § 500.7234" (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 § 500.7234 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.