{"data":{"id":"us-mi/mich.-comp.-laws-390.1129","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 390.1129","heading":"Annual excess loss as obligation of state; payment; limitation; payment of incurred loss.","body":"Sec. 9.\n\nThe annual excess loss shall be an obligation of this state and shall be paid directly to the claimant from the general fund of the state.\n\nThe amount paid by the state shall not exceed $100,000.00 per judgment, settlement, or award per year, plus interest at a rate not to exceed 6% per year of the unpaid balance until the entire amount of the judgment, settlement, or award is paid.\n\nAn incurred loss shall first be paid from the indemnification reserve fund.","path":["MI Code","Chapter 390","Act Act-315-of-1977"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-390-1129","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"055e7de06fd0fff92bdc37f6781b966739d4fd9a009c0cafe3684f6d0ab2a028","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-390.1128","next":"us-mi/mich.-comp.-laws-390.1130"},"notice":"GroundRules: Original legal text. Not legal advice."}