§ 500.6844

500.6844 Surplus fund; accumulation. Sec. 6844. Any company organized or operating under this chapter may provide in its charter or by amendment to its charter for the collection of assessments and/or premiums in excess of the amount required to cover current losses and expenses, for the purpose of accumulating a surplus fund. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218