Section 500.6854 - Insurance in excess of fair value prohibited.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.6854 Insurance in excess of fair value prohibited.
Sec. 6854.
No company organized or operating under this chapter shall issue a policy for an amount in excess of a fair value of the property insured.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218