{"data":{"id":"us-mi/mich.-comp.-laws-500.6027","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.6027","heading":"Transfer, assignment, or diversion of business from converted business.","body":"Sec. 6027.\n\nWithout the commissioner's prior approval, neither the converted company nor any other person affiliated with or controlling the converted company shall transfer, assign, or divert business from the converted company to any other insurance company or affiliate if the purpose or effect of doing so would be to reduce significantly the number of members of the mutual holding company. What is a significant reduction shall be determined by the commissioner after examination of the converted company's business reasons for effecting any such transfer, assignment, or diversion.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-6027","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"6bae309918ceb71bd731f6093a7b85cd1ded2884287152b76ff6afd0b599644e","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.6025","next":"us-mi/mich.-comp.-laws-500.6029"},"notice":"GroundRules: Original legal text. Not legal advice."}