{"data":{"id":"us-mi/mich.-comp.-laws-418.501b","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 418.501b","heading":"Assessments.","body":"Sec. 501b.\n\nIf the director determines that there is a reasonable likelihood that the remedies available under R 408.43s of the Michigan administrative code will be insufficient to meet the obligations of the trust, the director may assess private employer group self-insurers to the extent necessary to secure payment of benefits for which the private employer group self-insurers security fund may become responsible under this act and associated overhead and administrative expenses. The assessments shall be apportioned among the private employer group self-insurers based on each self-insurer group's proportion of the total paid losses, as defined in section 551(3)(b), of each private group self-insurer paid by private employer self-insured groups in the prior year. An assessment made under this section is payable to the PEGSISF.","path":["MI Code","Chapter 418","Act Act-317-of-1969"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-418-501b","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"112ddafaaa09f1f0ef20635c7f2040d93fbe580d335acf271a384eab8200d601","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-418.501a","next":"us-mi/mich.-comp.-laws-418.502"},"notice":"GroundRules: Original legal text. Not legal advice."}