{"data":{"id":"us-mi/mich.-comp.-laws-418.501a","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 418.501a","heading":"Liability of self-insurer's security fund; termination on January 1, 2020; responsibility of PEGSISF on and after January 1, 2020; assessment.","body":"Sec. 501a.\n\n(1) The liability of the self-insurers' security fund under this act for any payment of claims made against a self-insured member of a private employer group self-insurer terminates on January 1, 2020. The PEGSISF is responsible for payment of eligible claims made against the PEGSISF on and after January 1, 2020, and for claims against a private employer group self-insurer for which the self-insurers' security fund was formerly liable under this act.\n\n(2) If the director determines that a trust established under R 408.43s(2) of the Michigan administrative code is reasonably likely to be insufficient to fulfill the liability for claims made against the self-insured members of a private employer group self-insurer before January 1, 2020, the director may assess all private employer group self-insurers based on the proportion of the total paid losses, as defined in section 551(3)(b), of each private employer group self-insurer paid in the prior year to cover the cost of benefits incurred. An assessment made under this subsection is payable to the trust to satisfy liability for those claims.","path":["MI Code","Chapter 418","Act Act-317-of-1969"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-418-501a","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"d79527fc55cefaf56bfdf8cc7e37161598ee6c05483c04562daace9159e6593a","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-418.501","next":"us-mi/mich.-comp.-laws-418.501b"},"notice":"GroundRules: Original legal text. Not legal advice."}