bc-ontology · US governments, their divisions, offices and public pages, and Michigan's law
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MCL 500.2845

https://ontology.bommaritollc.com/id/01a0d565-e6ae-76c6-8da3-cbeb6e5e5a5a
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MCL 500.2845
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Withholding 25% of actual cash value or final settlement where loss to insured real property due to fire or explosion; notice to city, village, or township treasurer, insured, and mortgagee; escrowing and retaining withheld amount; procedure; recording information and depositing money in trust or escrow account; releasing policy proceeds to mortgagee; commingling funds prohibited; retaining earned interest; forwarding money to insured; reasonable proof; using retained proceeds to secure, repair, or demolish damaged or destroyed structure and clear property; returning unused portion of retained proceeds; demolition of property; civil action for return of policy proceeds; liability of insurer; applicability of section; list of cities, villages, and townships; exception to withholding requirements; definitions.en
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MCL 500.2845en

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