{"data":{"id":"us-mi/mich.-comp.-laws-500.8101","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.8101","heading":"Construction and purpose of chapter.","body":"Sec. 8101.\n\nThis chapter shall not be interpreted to limit the powers granted the commissioner by other provisions of this code.\n\nThis chapter shall be liberally construed to effect the purpose stated in subsection (3).\n\nThe purpose of this chapter is the protection of the interests of insureds, claimants, creditors, and the public with minimum interference with the normal prerogatives of the owners and managers of insurers, through the following:\n\nEarly detection of potentially dangerous conditions in an insurer and prompt application of appropriate corrective measures.\n\nImproved methods for rehabilitating insurers, involving the cooperation and management expertise of the insurance industry.\n\nEnhanced efficiency and economy of liquidation to minimize legal uncertainty and litigation.\n\nEquitable apportionment of unavoidable loss.\n\nLessening the problems of interstate rehabilitation and liquidation by facilitating cooperation between states in the liquidation process and by extending the scope of personal jurisdiction over debtors of the insurer outside this state.\n\nRegulation of the insurance business relating to delinquency procedures and rules on the entire insurance business.\n\nThis chapter does not apply to insurers that are subject to delinquency proceedings commenced prior to January 1, 1990. Delinquency proceedings commenced prior to January 1, 1990, shall be conducted pursuant to former chapter 78.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-8101","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"352b6fbfa3041af84d5b5af563defaec3afbce55e8cf828d58e3f38f0ec32021","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.810","next":"us-mi/mich.-comp.-laws-500.8102"},"notice":"GroundRules: Original legal text. Not legal advice."}