{"data":{"id":"us-mi/mich.-comp.-laws-500.6414","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.6414","heading":"Domestic cooperative plan insurers; qualifications to write group insurance.","body":"Sec. 6414.\n\nNo such insurer shall do a business of group insurance in Michigan until it shall have accrued a contingency reserve deposit as defined and described in section 6434 in the amount of $100,000.00, and shall have obtained from the commissioner a certificate of authority to write group insurance.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-6414","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"b577ee1a64b19a17f5a88561282bfe2f55aa3f37a5dd13eb20ac0220f7db5f8f","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.6412","next":"us-mi/mich.-comp.-laws-500.6418"},"notice":"GroundRules: Original legal text. Not legal advice."}