GroundRules
Browse Michigan
Read the original sections, or search by topic.
- Mich. Comp. Laws § 500.4236 · Title required.
- Mich. Comp. Laws § 500.4238 · Beneficiary changes.
- Mich. Comp. Laws § 500.424 · Admission of foreign or alien insurer to state; application; report of financial standing; issuance of certificate of authority; filing fees.
- Mich. Comp. Laws § 500.4242 · Limitation of liability; aviation, military or naval service.
- Mich. Comp. Laws § 500.4244 · Industrial life insurance; provisions prohibited; right to declare policy void for disease or ailment; rejection; payment of proceeds to other than beneficiary; limitation; settlement at maturity for less than full value; accidental death.
- Mich. Comp. Laws § 500.431 · Definitions.
- Mich. Comp. Laws § 500.431a · State of entry by alien insurer through U.S. branch; requirements.
- Mich. Comp. Laws § 500.431b · U.S. branch using state as state of entry to transact insurance; compliance.
- Mich. Comp. Laws § 500.431c · Trusteed assets; value.
- Mich. Comp. Laws § 500.432 · Trust agreement and amendments; authentication; withdrawal of approval; form; hearing; modifications or variations; contents and provisions of trust agreement; withdrawal of trusteed assets in another state; notice; examination by commissioner; effect of refusal or neglect to comply with subsection (8); review.
- Mich. Comp. Laws § 500.432a · Certificate of authority to do business; issuance or amendment to U.S. branch; proof that insurer will not violate act or charter; noncompliance.
- Mich. Comp. Laws § 500.433 · Trusteed assets below minimum required; proceeding against alien insurer.
- Mich. Comp. Laws § 500.435 · Certificate of authority as evidence of authority to transact insurance; duration of certificate; certificate as property of state; prerequisites to termination of certificate.
- Mich. Comp. Laws § 500.436 · Conditions for suspension, revocation, or limitation of certificate of authority; "insurer" defined.
- Mich. Comp. Laws § 500.436a · Continuing operation of insurer transacting insurance in state or nonprofit dental corporation operating under MCL 550.351 to 550.373; standards; subscription to private rating organization not required; determination of financial condition; issuance of order by director; hearing requested by insurer.
- Mich. Comp. Laws § 500.436b · Certificate of authority limited by order of commissioner.
- Mich. Comp. Laws § 500.437 · Proceeding for suspension, revocation, or limitation of certificate of authority; notice; imposition of conditions in order of limitation.
- Mich. Comp. Laws § 500.438 · Annual statement; filing; extensions; format and content; reply to inquiries; availability of report to public; penalty for failure to file statement or reply to inquiry; statement of alien insurer; "U.S. branch" defined.
- Mich. Comp. Laws § 500.438a · Domestic, foreign, and alien insurers; filing annual statement with national association of insurance commissioners; foreign insurers considered in compliance with section; agents of commissioner; confidentiality of information.
- Mich. Comp. Laws § 500.4400 · Scope of chapter; compliance required.
- Mich. Comp. Laws § 500.4404 · Employee groups; required number of participants; premium payments; group life insurance as part of combined group life and disability insurance policy; "employees" defined.
- Mich. Comp. Laws § 500.4405 · Group life insurance policy; issuance to trust or trustees; requirements.
- Mich. Comp. Laws § 500.4408 · National guard groups; participation authorization.
- Mich. Comp. Laws § 500.440a · Credit against tax imposed by MCL 500.476a; claim; refund; retroactive application.
- Mich. Comp. Laws § 500.4412 · Labor union, teacher and postal clerk groups; participation authorization.
- Mich. Comp. Laws § 500.4416 · Group life insurance; groups of borrowers or purchasers.
- Mich. Comp. Laws § 500.4418 · Group life insurance; loans on dwellings or mobile homes; insurer providing monetary benefits to financial institutions; payment of dividends to financial institution.
- Mich. Comp. Laws § 500.4419 · Prepaid funeral contracts; group life insurance.
- Mich. Comp. Laws § 500.4420 · Nonprofit incorporated industrial association groups; executives; participation; other associations, trusts, or trustees; criteria; conditions.
- Mich. Comp. Laws § 500.4424 · Group life insurance offered to groups other than described in MCL 500.4404 to 500.4420.
- Mich. Comp. Laws § 500.4426 · Extension of coverage to eligible dependents; amounts; payment of premiums; definitions.
- Mich. Comp. Laws § 500.443 · Foreign insurer; payment of quarterly installments of estimated tax; filing statement with revenue commissioner.
- Mich. Comp. Laws § 500.4430 · Group life insurance policy; filing and approval of form; certain provisions required.
- Mich. Comp. Laws § 500.4432 · Group life insurance policy; incontestability.
- Mich. Comp. Laws § 500.4434 · Entire contract; provision; application; representations.
- Mich. Comp. Laws § 500.4436 · Misstatement of age; provision required.
- Mich. Comp. Laws § 500.4438 · Individual certificate; notice of conversion rights.
- Mich. Comp. Laws § 500.4439 · Insurance under group policy; assignment of rights, effect.
- Mich. Comp. Laws § 500.444 · Collection of delinquent taxes with interest or penalty.
- Mich. Comp. Laws § 500.4442 · New employee; provision required.
- Mich. Comp. Laws § 500.4446 · Policy issued in another state; determination by director.
- Mich. Comp. Laws § 500.445 · Delinquency as bar to granting certificate of authority.
- Mich. Comp. Laws § 500.4450 · Employer deemed policyholder.
- Mich. Comp. Laws § 500.4454 · Readjustment of premium rate; optional provisions.
- Mich. Comp. Laws § 500.4501 · Definitions.
- Mich. Comp. Laws § 500.4503 · Fraudulent insurance acts.
- Mich. Comp. Laws § 500.4507 · Release of information; purpose.
- Mich. Comp. Laws § 500.4509 · Civil liability; immunity.
- Mich. Comp. Laws § 500.451 · Taxes on unauthorized insurers; regulatory fee; payment; delinquency.
- Mich. Comp. Laws § 500.4511 · Violation as felony; penalty; notice to licensing authority.
- Mich. Comp. Laws § 500.454 · Name of insurer.
- Mich. Comp. Laws § 500.456 · Legal process served on resident agent effective as personal service on company, association, or group; stipulation; filing copy of appointment; fee; duration of appointment; service of process.
- Mich. Comp. Laws § 500.460 · Insurance producer to write or place insurance policies.
- Mich. Comp. Laws § 500.4601 · Definitions.
- Mich. Comp. Laws § 500.4603 · Limited certificate of authority; application; conditions; organizational documents; submission; contents; liability of director; submission of documents to attorney general for examination; duty of commissioner to require, consider, and review certain documents and factors; issuance of certificate; confidentiality; fee; foreign captive insurance company as captive insurance company.
- Mich. Comp. Laws § 500.4607 · Adoption of name by captive insurance company.
- Mich. Comp. Laws § 500.4609 · Confidentiality requirements.
- Mich. Comp. Laws § 500.4611 · Issuance of limited certificate of authority; possession and maintenance of unimpaired paid-in capital and retained earnings; form of minimum capitalization; incorporation as nonprofit; unencumbered equity; assets; evidence to be submitted to commissioner; additional capital; branch captive insurance company; security for payment of liabilities; trust fund; payment of dividends; limitation; distributions.
- Mich. Comp. Laws § 500.4619 · Pure captive insurance company or sponsored captive insurance company; association captive insurance company or industrial insured captive insurance company; incorporation as stock insurer or limited liability company; issuance of capital stock or membership interests; formation of captive insurance company as corporation or nonprofit corporation or as limited liability company; state residency; chapter as controlling provision of law.
- Mich. Comp. Laws § 500.462 · Signature of insurance producer on application for life or disability insurance.
- Mich. Comp. Laws § 500.4621 · Reports and inquiries.
- Mich. Comp. Laws § 500.4623 · Sponsored captive insurance company; discount of reserves.
- Mich. Comp. Laws § 500.4625 · Conflict between act and chapter; exemption; applicability of certain sections; expenses and charges of examination; annual renewal fee; other fees; employment of legal counsel; confidentiality.
- Mich. Comp. Laws § 500.4637 · Limited certificate of authority; suspension or revocation; findings; best interest of public and policyholders.
- Mich. Comp. Laws § 500.4639 · Association captive insurance company and industrial insured captive insurance company; compliance with investment requirements; pure captive insurance company and special purpose captive insurance company not subject to restrictions on allowable investments; exception; loans; combining of assets for purposes of investment; sponsored captive insurance companies to be in compliance with chapter 9; waiver of investment requirements.
- Mich. Comp. Laws § 500.464 · Additional deposits by domestic insurers.
- Mich. Comp. Laws § 500.4641 · Reinsurance on risks ceded by other insurer.
- Mich. Comp. Laws § 500.4643 · Rating organization; joining not required.
- Mich. Comp. Laws § 500.4645 · Plan, pool, association, or guaranty or insolvency fund; joining, contributing to, or receiving benefit from prohibited.
- Mich. Comp. Laws § 500.4651 · Rules.
- Mich. Comp. Laws § 500.4655 · Applicability of terms and conditions in chapter 81 pertaining to administrative supervision, conservation, rehabilitation, receivership, and liquidation of insurers; payment of expenses or claims from assets of protected cell or from capital and surplus of sponsored captive insurance company.
- Mich. Comp. Laws § 500.4659 · Exercise of control of risk management function by parent or affiliated company; standards.
- Mich. Comp. Laws § 500.4663 · Sponsored captive insurance company; formation; establishment and maintenance of protected cell to insure risks; conditions.
- Mich. Comp. Laws § 500.4665 · Sponsor of sponsored captive insurance company; authorized insurer; risk retention group as sponsor or participant prohibited; business written by sponsored captive insurance company with respect to protected cell; requirements.
- Mich. Comp. Laws § 500.4667 · Sponsored captive insurance companies; business entities as participants.
- Mich. Comp. Laws § 500.4669 · Sponsored captive insurance companies; applicability of terms and conditions in chapter 48 pertaining to protected cell insurance company.
- Mich. Comp. Laws § 500.4673 · Captive insurance regulatory and supervision fund; creation; deposit of certain money, assets, fees, and assessments; money remaining in fund at close of fiscal year; commissioner as administrator for auditing purposes.
- Mich. Comp. Laws § 500.4701 · Definitions.
- Mich. Comp. Laws § 500.4703 · Conflict between provision of act and provision of chapter; chapter as controlling; sections applicable to SPFCs; exemption.
- Mich. Comp. Laws § 500.4705 · Limited certificate of authority to transact insurance or reinsurance; transaction of business by SPFC; limitation; requirements; submission of documents to commissioner; contents; liability of director; submission of documents to office of attorney general; evidence and documents required, considered, and reviewed by commissioner; additional filings; confidentiality; transaction of business; fees; limited certificate of authority granted after certain findings; renewal; foreign captive as SPFC.
- Mich. Comp. Laws § 500.4707 · SPFC; establishment; form of organization; documents; limitation; adoption of name; applicability of certain provisions in carrying out transactions; state residency; privileges and provisions applicable to limited liability company; corporate powers.
- Mich. Comp. Laws § 500.4709 · Minimum initial capitalization; additional capitalization; maintenance of deposits.
- Mich. Comp. Laws § 500.4711 · SPFC; insuring or reinsuring risks insured or reinsured by counterparty; contract for assumption of risk or indemnification of loss; related and incidental contracts; submission of actuarial opinion.
- Mich. Comp. Laws § 500.4713 · Protected cells; creation and use by SPFC; written approval of commissioner; possession of minimum capitalization; fraudulent purpose not inferred.
- Mich. Comp. Laws § 500.4715 · Protected cell; consideration as separate person; purposes; distinct name or designation; subject to orders of court; service of process; contract with third party advisor or manager; recourse by creditors; availability of assets; attachment of security interest to protected cell; identification of protected cell assets and liabilities; provisions in contracts or other documentation; income; crediting to or charging against protected cell; investment or reinvestment of amounts; annual report; notification of insolvency.
- Mich. Comp. Laws § 500.4717 · Issuance of SPFC securities.
- Mich. Comp. Laws § 500.4719 · Asset management agreements.
- Mich. Comp. Laws § 500.4721 · SPFC contracts; agreements with affiliated companies and third parties; contents of contract; withdrawal of assets or income from trust and transfer to SPFC; approval from counterparty.
- Mich. Comp. Laws § 500.4723 · Insurance securitization; not considered as insurance producers or brokers.
- Mich. Comp. Laws § 500.4725 · SPFC; duty to ensure contracts fulfill certain requirements.
- Mich. Comp. Laws § 500.4727 · Creation of trust to hold assets of SPFC.
- Mich. Comp. Laws § 500.4729 · Declaration and payment of dividends prohibited; exception; limitation; sufficiency of assets; provisions.
- Mich. Comp. Laws § 500.4731 · Plan of operation; changes; filing of audited financial statements; inquiries by commissioner; filing of statement of operations; reports; preservation of books, records, documents, accounts, and vouchers; authority of securities commissioner.
- Mich. Comp. Laws § 500.4732 · Activities requiring notice to commissioner.
- Mich. Comp. Laws § 500.4733 · Captive insurance company examination; expenses and charges; payment; fee.
- Mich. Comp. Laws § 500.4734 · Confidentiality requirements; exception.
- Mich. Comp. Laws § 500.4735 · Cessation of business; suspension or revocation of limited certificate of authority; violations; penalties; notice.
- Mich. Comp. Laws § 500.4741 · Administrative supervision, conservation, rehabilitation, receivership, and liquidation of insurers.
- Mich. Comp. Laws § 500.4745 · Contested case brought by third party; suspension, revocation, or modification of limited certificate of authority.
- Mich. Comp. Laws § 500.4747 · Issuance of regulations; employment of legal counsel.