{"data":{"id":"us-mi/mich.-comp.-laws-500.947","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.947","heading":"Income producing real estate and housing projects; includable as qualified assets.","body":"Sec. 947.\n\nSubject to the limitations in section 901, qualified assets for purposes of section 901 include real estate or any interest in real estate, acquired by the insurer for the purpose, under its franchise, of construction, development, maintenance, operation, or lease as an investment for the production of income, or for the purpose, under its franchise, of constructing, maintaining, or operating housing projects including incidental retail and service facilities.\n\nSubject to the limitations in section 901, qualified assets for purposes of section 901 include real estate conveyed or mortgaged in good faith, by way of security for debts or in satisfaction for debts, or purchased at sales on judgments, decrees, or mortgages in favor of the insurer or acquired in the process of settling claims asserted under its policies.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-947","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"ef5d9b1f7f5ca0c30b5caf3532580c79f62e8dd9775af9e0db728123b4154a70","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.946","next":"us-mi/mich.-comp.-laws-50.101"},"notice":"GroundRules: Original legal text. Not legal advice."}