Section 500.1819 - Notice required on application form and front and declaration pages of policy.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.1819 Notice required on application form and front and declaration pages of policy.
Sec. 1819.
An application form for insurance from a risk retention group chartered or doing business in this state, as well as the front and declaration pages of a policy issued by a risk retention group, shall contain in 10-point type the following notice:
“NOTICE
This policy is issued by your risk retention group. Your risk retention group may not be subject to all of the insurance laws and regulations of your state. State insurance insolvency guaranty funds are not available for your risk retention group.”
History: Add. 1989, Act 214, Eff. Jan. 1, 1990
Popular Name: Act 218