State accident fund; acquisition of assets; effect of proposed transfer.

Sec. 5102. No person other than an acquiring insurer shall acquire all or substantially all of the assets of the state accident fund. A proposed transfer shall constitute a proposed change of control of a domestic insurer within the meaning of this act and shall be subject to all the requirements of this act governing a change of control of a domestic insurer. History: Add. 1993, Act 200, Eff. Dec. 28, 1994