MCL - 218-1956-48

THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
CHAPTER 48
PROTECTED CELL INSURANCE COMPANIES
Document Type Description
Section 500.4801 Section Definitions.
Section 500.4803 Section Protected cells; establishment; written approval of commissioner; name or designation; attribution of assets and liabilities; attachment of security interest; contracting with third party; identification of protected cell assets and protected cell liabilities.
Section 500.4805 Section Income credited to or charged against protected cell; insurance securitization; language to be contained in documentation; cessation of business of protected cell.
Section 500.4807 Section Creditors; recourse; activities, assets, and obligations not subject to chapters 77 and 79; establishment of protected cell not considered fraudulent conveyance.
Section 500.4809 Section Receiver to deal with protected cell company's assets and liabilities; effect of order of conservation, rehabilitation, or liquidation.
Section 500.4811 Section Insurance securitization not considered insurance or reinsurance contract; investor not considered as conducting insurance business in state.
Section 500.4813 Section Rules, regulations, or orders.