Section 418.553 - Self-insurers' security fund; subrogation. - Michigan Statutes

WORKER'S DISABILITY COMPENSATION ACT OF 1969 (EXCERPT)
Act 317 of 1969

418.553 Self-insurers' security fund; subrogation.

Sec. 553.

The self-insurers' security fund after paying an injured employee shall have all the rights of the injured employee as a creditor of the insolvent employer to the extent of benefits it paid. The trustees of the fund shall have the right and obligation to obtain reimbursement to the fund from an insolvent employer for any funds paid out as benefits to the employees of the insolvent employer, including expenses pertinent to payments or recovery thereof.

History: Add. 1971, Act 149, Imd. Eff. Nov. 16, 1971
Popular Name: Act 317