Plaintiffs obtained a writ of garnishment on the defendant’s assets in Oakland County while the defendant appealed a decision of the Wayne County Circuit Court refusing to modify an arbitration award. Upon motion by the defendant, the writ was quashed ex parte. Upon rehearing, the Oakland County Circuit Court refused to rescind that order. Plaintiffs appeal as of right.

Under GCR 1963, 808.1, the initiation of the appellate process does not operate as a stay of execution unless and until a bond is filed. A statutory exception to the bond requirement is provided in MCL 500.3036; MSA 24.13036, which permits an appellant to file an insurance policy if the liability is one that is "insured against”. Defendant insurer in the present case utilized this provision and filed two insurance policies in lieu of bond. We find that the statute is inapplicable to the defendant.

The language of MCL 500.3036; MSA 24.13036, provides that:

"When an appeal is taken from a judgment in a case where it appears to the court that all or a part of the particular liability of the appellant is insured against by a surety company or insurance carrier authorized to do business in this state, and the court is satisfied of the *77coverage of the policy or suretyship, the court shall not require the appellant to provide an appeal bond or bond to stay execution pending an appeal up to the amount of the coverage of the policy or suretyship. The insurance carrier or surety company may be required by the court and is given authority to execute its written recognizance to the opposite party or parties for the payment of the taxable costs of the appeal. The surety company or insurance carrier shall deposit with the court a copy of the insurance policy or bond and shall admit its liability thereunder, and agree to pay a judgment against its insured, if any, as shall be affirmed by the appellate court, but not exceeding the amount of the liability under the policy or bond; and the court having jurisdiction thereof, on its own motion, may enter judgment against the surety company or carrier without further proceedings. If the amount of judgment exceeds the amount of coverage of the policy or surety-ship, the court shall grant a stay of execution upon the filing of a bond by the appellant for the difference.”

Therefore, under this provision, no bond is required if the insurer (1) deposits with the court a copy of the policy, (2) admits its liability under the policy, and (3) agrees to pay such judgment against the insured as may be affirmed by the appellate court.1 2 Michigan Law & Practice, Appeal, § 158, p 26.

The issue here, however, is whether or not an *78insurance company fits within the class of "appellants” designated by the statute.

The wording of the statute itself defines the scope of its applicability. The statute provides that no bond need be filed whenever the "liability of the appellant is insured against by * * * [an] insurance carrier”. The insurance company is the "appellant” for purposes of this statute, so that its liability must be insured against. Clearly, the defendant’s liability does not meet the requirements of the statute. The defendant is primarily liable on those policies, and the statute applies only to those parties whose liability is insured against. Merely because an insurance policy is involved in the case at hand, one cannot automatically conclude that the statute is applicable when the statutory language speaks otherwise. A plain reading of the statute indicates that the defendant does not fit within its scope.

A review of the limited number of cases that have discussed MCL 500.3036; MSA 24.13036, or its predecessor, MCL 522.33a; MSA 24.297, also suggests that the defendant insurer is not a proper party to utilize the statutory provision. In deciding upon the constitutionality of MCL 500.3036; MSA 24.13036, the Supreme Court examined the limits of the provision’s applicability in Wolodzko v Wayne Circuit Judge, 382 Mich 528; 170 NW2d 9 (1969). The Court stated that:

"Section 3036 designates a class of appellants which, by the fact of purchase and maintenance of liability insurance, or of having obtained a qualifying bond (of suretyship), is entitled to employ such insurance (or bond) for the purpose of staying proceedings on appeal.” 382 Mich 528, 531.

An insurance company does not fit within this *79class of appellants. The defendant is primarily liable on the insurance policies so that its liability is not "insured against”. The defendant did not purchase or maintain the insurance policies that it attempted to utilize in lieu of bond.

Based on the explicit language of the statute, the defendant does not fit within its scope. We find that the trial court’s interpretation of MCL 500.3036; MSA 24.13036, is not in accord with its plain meaning. The lower court erred in denying the plaintiffs’ motion to vacate the quashing of the writ of garnishment.

The decision of the circuit court is reversed. Costs to plaintiffs.