For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
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Insurance in excess of fair value prohibited.

MCL 500.6854
in effect
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500.6854. Insurance in excess of fair value prohibited. Sec. 6854. No company organized or operating under this chapter shall issue a policy for an amount in excess of a fair value of the property insured. 1956, Act 218, Eff. Jan. 1, 1957 [PopularName] Act 218
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-500-6854Fetched: 10/20/2026

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