Mich. Comp. Laws § 500.8141a: Payment of special deposit claims; priority; transfer of special deposits.

Sec. 8141a.

Special deposit claims shall be paid pursuant to the following order of priority:

To the receiver for the costs and expenses of the receivership.

To the guaranty association for the costs and expenses of administration with respect to the payment of claims.

To claims of Michigan policyholders of the insurer and to claimants of those Michigan policyholders.

To Michigan beneficiaries of insurance contracts owned by non-Michigan residents.

To other Michigan claimants of the insurer.

To claims of non-Michigan policyholders of the insurer and to claimants of those non-Michigan policyholders.

To non-Michigan beneficiaries of insurance contracts owned by non-Michigan residents.

To the stockholders or owners of the insurer.

Upon request of a guaranty association of this state to which the insurer is a member, special deposits made by the insurer shall be transferred to that guaranty association for the payment of claims pursuant to this section.