Michigan § 500.8101 - Construction and purpose of chapter.
Full text of Michigan Michigan Compiled Laws § 500.8101 — Construction and purpose of chapter. , with citation guidance and answers to common questions.
§ 500.8101. Construction and purpose of chapter.
This chapter shall not be interpreted to limit the powers granted the commissioner by other provisions of this code.
This chapter shall be liberally construed to effect the purpose stated in subsection (3).
The purpose of this chapter is the protection of the interests of insureds, claimants, creditors, and the public with minimum interference with the normal prerogatives of the owners and managers of insurers, through the following:
Early detection of potentially dangerous conditions in an insurer and prompt application of appropriate corrective measures.
Improved methods for rehabilitating insurers, involving the cooperation and management expertise of the insurance industry.
Enhanced efficiency and economy of liquidation to minimize legal uncertainty and litigation.
Equitable apportionment of unavoidable loss.
Lessening the problems of interstate rehabilitation and liquidation by facilitating cooperation between states in the liquidation process and by extending the scope of personal jurisdiction over debtors of the insurer outside this state.
Regulation of the insurance business relating to delinquency procedures and rules on the entire insurance business.
This chapter does not apply to insurers that are subject to delinquency proceedings commenced prior to January 1, 1990. Delinquency proceedings commenced prior to January 1, 1990, shall be conducted pursuant to former chapter 78.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.8101
What does Michigan Compiled Laws § 500.8101 cover?
Section 500.8101 ("Construction and purpose of chapter. ") 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 § 500.8101?
A common citation format is "Michigan Compiled Laws § 500.8101" (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 § 500.8101 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.