™Your Policy Risk Impact Agent
36 chapters · 197 sections in this title.
Mich. Comp. Laws § 15.1 Uniform bond coverage; state officers and employees; exceptions.
0.6K chars
Sec. 1. Notwithstanding the provisions of any other law, officers and employees of all state departments and agencies that are required by statute or in the discretion of the director of the department covered, or otherwise to furnish bonds conditioned for their honesty or faithf…
Mich. Comp. Laws § 15.2 Bonds; conditions, coverage; departmental problems.
0.6K chars
Sec. 2. The director of the department of administration or his designated agent is authorized to determine, after consultation with the director of the department of commerce, the condition of each such bond and whether a single state bond for all state officers and employees or…
Mich. Comp. Laws § 15.3 Notice to all surety companies.
0.2K chars
Sec. 3. In obtaining bond coverage under this act, the department of administration shall notify all surety companies authorized to do business in this state of the provisions of this act and shall contract for adequate coverage.
Mich. Comp. Laws § 15.4 Time for completion; termination of other bonds; deposit of refunds.
0.4K chars
Sec. 4. Within 1 year after the effective date of this act, the department of administration shall complete the bonding requirement as required by this act and shall negotiate for the termination of all honesty and faithful discharge of duty bonds otherwise in full force and effe…