{"data":{"id":"us-mi/mich.-comp.-laws-500.6822","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.6822","heading":"Certificate of authority; required to transact business; expiration; renewal; revocation; qualification for certificate of authority or commencing business.","body":"Sec. 6822.\n\nAn insurance company organized or operating under this chapter shall not transact any business without a certificate of authority from the commissioner.\n\nAll such certificates of authority shall expire on the last day of June of each year and shall be renewed annually upon full compliance with the provisions of this chapter, and such certificates of authority shall be revocable by the commissioner for violation of any of the provisions of this chapter after due notice to the company and a hearing on the question of the violation.\n\nAn insurance company hereafter organized under this chapter shall not be granted a certificate of authority and shall not commence business until bona fide agreements have been entered into for insurance with at least 200 individuals covering property to be insured to the amount of not less than $500,000.00.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-6822","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"589b367217a88797b6d9158018d35d12fde72557c258f79b8faddd659cd773e5","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.6807","next":"us-mi/mich.-comp.-laws-500.6823"},"notice":"GroundRules: Original legal text. Not legal advice."}