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Chapter 500
- INSURANCE CODE OF 1956
Act 218 of 1956 ‑ THE INSURANCE CODE OF 1956 (500.100 - 500.8302)***** 500.3175 THIS SECTION IS AMENDED BY ACT 204 OF 2012 EFFECTIVE WHEN CONDITIONS APPLIED BY ENACTING SECTION 1 OF ACT 204 OF 2012 ARE MET: See 500.3175.amended *****
***** 500.4151.amended THIS AMENDED SECTION IS EFFECTIVE JUNE 1, 2013 *****
***** 500.3172 THIS SECTION IS AMENDED BY ACT 204 OF 2012 EFFECTIVE WHEN CONDITIONS APPLIED BY ENACTING SECTION 1 OF ACT 204 OF 2012 ARE MET: See 500.3172.amended *****
218‑1956‑1 ‑ CHAPTER 1 SCOPE OF CODE (500.100...500.150)
Section 500.127 ‑ Guaranteed asset protection waiver; certificate of authority or license not required; issuance not construed as insurance; definitions.
Section 500.134 ‑ Validity of certificate of authority or license in force prior to January 1, 1957; validity of plan of operation and premium or assessment; association or facility not state agency and money thereof not state money; records exempt from disclosure; premium or assessment not burden under MCL 500.476a; “association or facility” defined.
Section 500.150 ‑ Violation of act; hearing; order of commissioner; penalties; court order.
218‑1956‑2 ‑ CHAPTER 2 THE INSURANCE COMMISSIONER (500.200...500.251)
Section 500.202 ‑ Insurance commissioner; qualifications, office, term, appointment, approval, vacancy.
Section 500.208 ‑ Office of financial and insurance services; offices; expense; audit.
Section 500.212 ‑ Deputies, chief clerk and accountant, examiners, clerks, actuaries, and other assistants; oath; powers and duties; hearings; rights of parties; revocation of appointments, designations, and delegations of authority; compensation.
Section 500.216 ‑ Insurance commissioner and employees; traveling and other expenses.
Section 500.220 ‑ Insurance commissioner and employees; service fees, prohibited gifts.
Section 500.221 ‑ Insurance compliance self-evaluative audit document; privilege; disclosure; exceptions; definitions.
Section 500.222 ‑ Examination of insurers; examination report; hearing; public inspection; disclosure of confidential information; effect of current examination; commissioner's authority to terminate or suspend examination not limited; alien insurer.
Section 500.223 ‑ Application for certificate of authority; fee; withdrawal of application; reapplication fee; disposition.
Section 500.224 ‑ Examinations and investigations of insurers; expenses; statement to insurers; employment of expert personnel; regulatory fees; expense of administering delinquency proceeding; definitions.
Section 500.225 ‑ Insurance bureau fund; creation; deposit of fees; reversion to general fund; use of fund.
Section 500.228 ‑ Examinations and investigations of insurers; report of crimes to attorney general.
Section 500.234 ‑ Insurance department; records of office; public inspection, exceptions, destruction, rules and regulations.
Section 500.238 ‑ Insurance commissioner; annual report to governor, contents, publication.
Section 500.249 ‑ Insurance commissioner; investigations of agents, adjusters, counselors, managers, promoters, officers and directors.
Section 500.249a ‑ Fingerprints required; costs; providing criminal history records.
Section 500.250 ‑ Insurers; stock transfer; officers or directors; appointment; notice to commissioner; removal; hearings; civil immunity; review.
218‑1956‑4 ‑ CHAPTER 4 AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS (500.402...500.480)
Section 500.402a ‑ Transactions of insurance requiring certificate of authority.
Section 500.402b ‑ Transactions of insurance not requiring certificate of authority.
Section 500.402c ‑ Motor vehicle rental company; insurance transaction; definitions.
Section 500.405 ‑ Foreign insurer; revocation of certificate of authority; conditions; requalification for certificate of authority if control acquired; determination.
Section 500.405a ‑ Insurer subject to delinquency proceedings; revocation of certificate of authority; conditions.
Section 500.405b ‑ Requalification pursuant to MCL 500.405 or 500.405a; formal review.
Section 500.406 ‑ Foreign insurer; limitation on corporate purposes and powers; election of statute; denial of admission or authority; continuation of license to transact insurance business previously authorized; exception.
Section 500.407 ‑ Authorization to transact kinds of insurance; exceptions.
Section 500.407a ‑ Noninsured benefit plan; offering and writing excess loss insurance; definition; authority of insurer not limited.
Section 500.408 ‑ Insurers; capital, surplus, or asset requirement; schedule; multiple lines; provisions for transacting certain insurance; applicability of section; compliance with MCL 500.403.
Section 500.410 ‑ Minimum amount of unimpaired capital and surplus; minimum amount and use of additional surplus; transacting life insurance or property insurance; continuing to transact insurance; transacting legal expense insurance; compliance with MCL 500.403.
Section 500.410a ‑ Bail bond surety and fidelity insurance company; authority to transact insurance.
Section 500.413 ‑ Transfer of domicile of domestic insurer to another state; effect of transfer; approval of transfer; “U.S. branch” defined.
Section 500.414 ‑ Certificate of authority, agent's appointments, licenses, rates, and other items of transferring insurer continue in full force and effect; outstanding policies remain in full force and effect; filing new or existing policy forms; notice of proposed transfer; filing amendments to corporate documents.
Section 500.418 ‑ Identification of payers subject to child support arrearages; "title IV-D agency" defined.
Section 500.424 ‑ Admission of foreign or alien insurer to state; application; report of financial standing; issuance of certificate of authority; filing fees.
Section 500.431a ‑ State of entry by alien insurer through U.S. branch; requirements.
Section 500.431b ‑ U.S. branch using state as state of entry to transact insurance; compliance.
Section 500.432 ‑ Trust agreement and amendments; authentication; withdrawal of approval; form; hearing; modifications or variations; contents and provisions of trust agreement; withdrawal of trusteed assets in another state; notice; examination by commissioner; effect of refusal or neglect to comply with subsection (8); review.
Section 500.432a ‑ Certificate of authority to do business; issuance or amendment to U.S. branch; proof that insurer will not violate act or charter; noncompliance.
Section 500.433 ‑ Trusteed assets below minimum required; proceeding against alien insurer.
Section 500.435 ‑ Certificate of authority as evidence of authority to transact insurance; duration of certificate; certificate as property of state; prerequisites to termination of certificate.
Section 500.436 ‑ Conditions for suspension, revocation, or limitation of certificate of authority.
Section 500.436a ‑ Continuing operation of insurer transacting insurance; standards; subscription to private rate organization not required; determination of financial condition; issuance of order by commissioner; hearing requested by insurer.
Section 500.437 ‑ Proceeding for suspension, revocation, or limitation of certificate of authority; notice; imposition of conditions in order of limitation.
Section 500.438 ‑ Annual statement; filing; extensions; fee; format and contents; reply to inquiries; availability of reports to public; penalty for failure to file statement or reply to inquiry; statement of alien insurer; “U.S. branch” defined.
Section 500.438a ‑ Domestic, foreign, and alien insurers; filing annual statement with national association of insurance commissioners; foreign insurers considered in compliance with section; agents of commissioner; confidentiality of information.
Section 500.440a ‑ Credit against tax imposed by MCL 500.476a; claim; refund; retroactive application.
Section 500.443 ‑ Foreign insurer; payment of quarterly installments of estimated tax; filing statement with revenue commissioner.
Section 500.451 ‑ Taxes on unauthorized insurers; regulatory fee; payment; delinquency.
Section 500.456 ‑ Legal process served on resident agent effective as personal service on company, association, or group; stipulation; filing copy of appointment; fee; duration of appointment; service of process.
Section 500.462 ‑ Signature of licensed agent on application for life or disability insurance.
Section 500.476a ‑ Alien or foreign insurers; deposit of securities or making certain payments; computation; revocation of certificate of authority; purpose of section; domestic insurer owned or controlled by alien or foreign insurer; domestic insurer as alien or foreign insurer; compliance; taxes subject to MCL 208.22d or MCL 208.1243; administration of tax; disclosure of tax return.
218‑1956‑5 ‑ CHAPTER 5 PRIVACY OF FINANCIAL INFORMATION (500.501...500.547)
Section 500.509 ‑ Customer relationship; time of establishment; continuing relationship; revised privacy notice for new insurance product or service.
Section 500.515 ‑ Initial, annual, and revised notices; information required; disclosure of nonpublic personal financial information.
Section 500.517 ‑ Initial notice requirements for consumer not a customer; short-form initial notice; delivery.
Section 500.525 ‑ Disclosure of nonpublic personal financial information to nonaffiliated third party.
Section 500.529 ‑ Disclosure of nonprofit personal financial information to nonaffiliated third party; reasonable opportunity; opt out notice.
Section 500.531 ‑ Receipt of nonpublic personal financial information from nonaffiliated financial institution; limitation on disclosure.
Section 500.535 ‑ Applicability of opt out requirements in MCL 500.519 and 500.529; “joint agreement” defined.
Section 500.537 ‑ Applicability of MCL 500.507(1)(c), 500.519, 500.529, and 500.535; “necessary to effect, administer, or enforce a transaction” defined.
Section 500.539 ‑ Applicability of MCL 500.507(1)(c), 500.519, 500.529, and 500.535.
Section 500.540 ‑ Use or disclosure of nonpublic personal financial information by certain associations or facilities.
Section 500.541 ‑ Operation of fair credit reporting act; construction of chapter.
Section 500.543 ‑ Consumer opting out from disclosure; discrimination prohibited.
Section 500.545 ‑ Contract of licensee with nonaffiliated third party; effect of agreement entered before or on July 1, 2000.
Section 500.547 ‑ Protection of customer records and information; adoption of guidelines for administrative, technical, and physical safeguards.
218‑1956‑6 ‑ CHAPTER 6 KINDS OF INSURANCE; REINSURANCE; LIMIT OF RISK (500.600...500.644)
Section 500.602 ‑ “Life” insurance, “transaction of life insurance,” and “life insurance companies” defined.
Section 500.616 ‑ Inland navigation and transportation insurance; definition.
Section 500.625 ‑ Automobile passenger and liability coverage; expense or disability coverage included.
Section 500.640 ‑ Insurers; limitation of risk; exceptions; "title insurance" and "title insurer" defined.
Section 500.644 ‑ Life, disability, and loss of position insurers; limit of risk.
218‑1956‑7 ‑ CHAPTER 7 RESERVE STANDARDS FOR DISABILITY INSURANCE (500.701...500.737)
Section 500.702 ‑ Health insurance reserves; determination of adequacy; basis.
Section 500.703 ‑ Claim reserves and claim expense reserves required; conditions; testing for adequacy and reasonableness.
Section 500.705 ‑ Disability income claim reserves; maximum interest rate; morbidity standards specified in rules; exception; group disability income claim reserves; duration from date of disablement 2 years or more but less than 5 years; basis; request for modification plan approval; elimination period; measurement of disablement duration.
Section 500.707 ‑ Health insurance benefits other than disability income; claim reserves maximum interest rate; basis of claim reserve.
Section 500.711 ‑ Unearned premium reserves; treatment of premiums due and unpaid; discount of certain gross premiums paid in advance.
Section 500.713 ‑ Minimum unearned premium reserve; basis; sum of unearned premium and contract reserves; limitation.
Section 500.717 ‑ Contract reserves; required for certain policies and certificates; exception; addition to claim and premium reserves; methods and procedures; date of incurral defined.
Section 500.719 ‑ Morbidity standards; rules; structure of valuation net premiums; valuation of health insurance policies and certificates for which tabular morbidity standards not specified; maximum interest rate for contract reserves; termination rates; adjustment of morbidity standard on aggregate basis; minimum reserve; application of certain reserve adjustments; offset of negative reserves against positive reserves; total contract reserve not less than zero.
Section 500.721 ‑ Application of alternative method or basis to contract reserve; assumptions; methods to determine sound value of liabilities.
Section 500.723 ‑ Tabular reserves; annual review; increments; restriction of future gross premiums; establishment of contract reserves for insufficiency in aggregate.
Section 500.725 ‑ Reinsurance; determination of increases to, or credit against, reserves.
Section 500.729 ‑ Individual insurance policies; minimum morbidity standards for disability income benefits; basis of contract reserve standards for certain hospital, surgical, and maternity benefits; basis of contract reserve standards for certain cancer expense benefits and accidental death benefits.
Section 500.731 ‑ Disability benefits for group health insurance certificates; minimum morbidity standards.
Section 500.735 ‑ Mortality basis; use of other mortality tables; request for approval.
218‑1956‑8 ‑ CHAPTER 8 ASSETS AND LIABILITIES (500.808...500.842)
Section 500.808 ‑ Stock or mutual insurers; unearned premium reserves, pro rata basis, computation.
Section 500.810 ‑ Reserves; computation; additional reserves; plan to restore compliance; effect of noncompliance; examination of reserve practices and investment incomes.
Section 500.814a ‑ Statement of actuarial opinion; filing requirements; confidentiality; Michigan automobile insurance placement facility not property and casualty insurer.
Section 500.815 ‑ Computation of unearned premium reserve on mortgage guaranty insurance.
Section 500.815a ‑ Establishment of contingency reserve by mortgage guaranty insurer.
Section 500.830 ‑ Life insurance policies and annuity and pure endowment contracts; annual valuation of reserves; limitation; certification; valuation fee; applicability of subsection (2); adopting lower standard of valuation; valuation of business of foreign cooperative or assessment insurer; reserves.
Section 500.830a ‑ Life insurance; actuary opinion; form; submission to commissioner; liability of actuary; “qualified actuary” defined; limitation; public hearing; effective date of section.
Section 500.831 ‑ Domestic insurer's business in foreign country; variance of mortality standard.
Section 500.832 ‑ Valuation of life insurance policies and contracts issued before operative date of standard nonforfeiture law.
Section 500.834 ‑ Valuation of life insurance policies and contracts issued on and after operative date of standard nonforfeiture law; minimum standard; reserves.
Section 500.835 ‑ Valuation of individual annuity and pure endowment contracts; minimum standard; notice of election to invoke section; failure to make election.
Section 500.836 ‑ Calendar year statutory valuation interest rates; use; determination; weighting factors; “reference interest rate” defined; alternative method for determination of reference interest rate; changes to policy or contract forms; computing reference interest rate for calendar year 1986.
Section 500.837 ‑ Definitions; valuation requirements for universal life insurance policies.
Section 500.838 ‑ Definitions; use of NAIC accounting practices and procedures manual; mortality table; separate rates for smokers and nonsmokers; determining minimum reserve liabilities, minimum cash surrender values, and amounts of paid-up nonforfeiture benefits; actuarial opinion; application of accounting practices and procedural manual; rates and charges based on gender; blended tables; basis as sex-distinct and sex-neutral.
Section 500.838a ‑ Definitions; 2001 CSO preferred class structure mortality table.
218‑1956‑9 ‑ CHAPTER 9 INVESTMENTS (500.900...500.960)
Section 500.902 ‑ Investments by domestic insurer; amount in qualified asset required; definition.
Section 500.910 ‑ Certificates of deposit or depository receipts; construction as deposits of cash.
Section 500.912 ‑ Qualified assets; description; limitation on governmental securities.
Section 500.917 ‑ Mortgage-backed securities; certain securities described in secondary mortgage market enhancement act of 1984 subject to limitations; definition.
Section 500.918 ‑ Qualified assets by solvent institution; authorization; mortgage loans; equipment trust certificates; fixed interest bearing obligations.
Section 500.922 ‑ Qualified assets in stocks, bonds, or evidences of corporate indebtedness; authorization.
Section 500.924 ‑ Qualified assets in preferred stock; authorization; conditions.
Section 500.925 ‑ Application of amounts paid life insurer to purchase of retirement benefits; income, gains, or losses on accounts; limitations on charges and deductions; investment or amounts allocated; standards; “contract on a variable basis” defined; compliance with investment company act of 1940; identification of investments and liabilities; “investment company act of 1940” defined; rules.
Section 500.932 ‑ Qualified assets in shares of savings and loan associations.
Section 500.934 ‑ Qualified assets in farm loan bonds, intermediate credit bank loans, central bank for cooperatives, home loan banks, federal savings and loan insurance corporation obligations; authorization.
Section 500.942 ‑ Qualified assets in real estate loans; purchase of loan or certificate of participation.
Section 500.943 ‑ Qualified assets; derivative instruments and transactions.
Section 500.946 ‑ Home office, lands, and buildings; includable as qualified assets.
Section 500.947 ‑ Income producing real estate and housing projects; includable as qualified assets.
218‑1956‑10 ‑ CHAPTER 10 ANNUAL AUDITED FINANCIAL REPORTS (500.1001...500.1033)
Section 500.1005 ‑ Insurer; annual audit; filing date; extensions; designation of audit committee.
Section 500.1007 ‑ Annual audited financial report; contents; form; conduct of examination by independent public accountant.
Section 500.1009 ‑ Insurer required to file annual audited report; registration of insurer's independent public accountant; letter required; dismissal or resignation of independent public accountant; notice; report of disagreement; responsive letter.
Section 500.1010 ‑ Recognition of person or firm as independent public accountant; mediation or arbitration of disputes; limitation on period of service; relief from rotation requirement; restrictions; hearing; ruling by commissioner; exemption from subsection (7); nonaudit services; preapproval; waiver; independent public accountant not recognized as qualified; condition; relief from subsection (14).
Section 500.1011 ‑ Audited consolidated or combined financial statements; application for filing; work sheet.
Section 500.1015 ‑ Independent public accountant; reporting determination that insurer materially misstated financial condition or does not meet requirements of MCL 500.408 or MCL 500.410; liability; action to be taken after date of audited financial report.
Section 500.1017 ‑ Independent public accountant; communicating unremediated material weaknesses; description.
Section 500.1019 ‑ Independent public accountant; filing letter with annual audited financial report; contents.
Section 500.1021 ‑ Work papers; availability; retention; review as investigation; use.
Section 500.1023 ‑ Compliance with chapter; exemption; filing reports on other than calendar year basis; compliance by domestic insurers; schedule; compliance by foreign insurers.
Section 500.1025 ‑ Canadian and British insurers; annual audited financial report; contents of independent public accountant's letter.
Section 500.1027 ‑ Applicability of section to domestic insurer not SOX compliant entity; duties of audit committee; member of audit committee as independent; election of controlling person; report by accountant; reports provided on aggregate basis; structure of audit committee; waiver from section based on hardship; effective date of section.
Section 500.1031 ‑ Report of insurer's or group of insurers' internal control over financial reporting; requirements.
218‑1956‑11 ‑ CHAPTER 11 REINSURANCE (500.1101...500.1127)
Section 500.1103 ‑ Credit for reinsurance as asset or reduction from liability; accredited reinsurer; trust fund; report to commissioner; assuming insurer not meeting requirements of section or authorized to transact insurance; obligation to arbitrate; trust agreement.
Section 500.1105 ‑ Reduction from liability by ceding insurer to assuming insurer not meeting requirements of MCL 500.1103; security.
Section 500.1121 ‑ Applicability of MCL 500.1123 to 500.1127 to certain insurers.
Section 500.1123 ‑ Reinsurance agreement; conditions prohibiting reduction in liability or establishment of asset; approval of commissioner; filing agreements.
Section 500.1125 ‑ Reinsurance agreement; use; execution; “reasonable period of time” defined; provisions; assumption of obligations by life and health insurance guaranty association.
Section 500.1127 ‑ Reinsurance agreements; reduction to zero of certain reserve credits or assets.
218‑1956‑11A ‑ CHAPTER 11A REINSURANCE INTERMEDIARIES (500.1151...500.1171)
Section 500.1153 ‑ Person acting as reinsurance intermediary-broker; bond; license; nonresident; service of process; refusal to issue license.
Section 500.1155 ‑ Transactions between reinsurance intermediary-broker and insurer; authorization.
Section 500.1159 ‑ Person acting as reinsurance-broker; license required; employment of individual employed by reinsurance intermediary-broker; annual copy of statements of financial condition.
Section 500.1161 ‑ Transactions between reinsurance intermediary-manager and reinsurer; contract.
Section 500.1165 ‑ Reinsurance intermediary-manager; license required; obtaining annual copy of statement of financial condition and opinion of actuary; authority for retrocessional contracts or participation in reinsurance syndicates; termination of contract; appointment to board of directors.
Section 500.1167 ‑ Reinsurance intermediary and reinsurance intermediary-manager; examination of books, bank accounts, and records.
218‑1956‑12 ‑ CHAPTER 12 AGENTS, SOLICITORS, ADJUSTERS, AND COUNSELORS (500.1200...500.1247)
Section 500.1201a ‑ Sale, solicitation, or negotiation of insurance; license required; applicability to excess and surplus lines agents and brokers.
Section 500.1203 ‑ Authority of insurance producer for fraternal benefit society; authority of attorney-in-fact of reciprocal or inter-insurance exchange.
Section 500.1204 ‑ Applicant for insurance producer license; examination; registered program of study; waiver of examination or program of study requirements; administration of examinations; fee; reapplication.
Section 500.1204a ‑ Qualification as registered insurance agent program of study; criteria; conducting portion of minimum number of classroom hours of instruction; rules; recommendations for improvements in course materials; failure to maintain reasonable standards.
Section 500.1204b ‑ Insurance agent education advisory council; creation; appointment, qualifications, and terms of members; meetings; reimbursement of expenses; duties of council; access to classroom.
Section 500.1204c ‑ Definitions; insurance producer's hours of study; review; continuing education requirements; program of study; approval; hearing; revocation; filing certificate of attendance or instruction; waiver; reciprocal agreements; fees; sale of business and failure to meet continuing education requirements; cancellation of license.
Section 500.1204d ‑ Continuing education fund; creation; administration; disposition and reversion of funds; funding of shortfall.
Section 500.1204f ‑ Sale, solicitation, or negotiation of long-term care insurance; program of instruction required.
Section 500.1205 ‑ Resident insurance producer license; filing; application; statement; requirements; business entity; verification of information; limited line credit insurance.
Section 500.1206 ‑ Insurance producer license; issuance; qualification in line of insurance; duration; reinstatement; contents of license; change of name or address; ministerial functions.
Section 500.1206a ‑ Nonresident insurance producer license; requirements; verification of status; change of address; nonresident surplus lines insurance producer license; nonresident limited lines insurance producer.
Section 500.1206b ‑ Nonresident insurance producer license; prelicensing education or examination; exemption; application as resident licensee.
Section 500.1206c ‑ Life and health insurance producer examinations; summary of statistical information; report.
Section 500.1207 ‑ Agent as fiduciary; accounting methods; examination of records; remuneration of person acting as agent; placing refused coverage; use of intimidation, threats, or unlawful inducements; agent as party to contract.
Section 500.1208a ‑ Appointment of producer as agent; notice of appointment; filing; verification of eligibility; fee.
Section 500.1208b ‑ Termination of business relationship with insurance producer; notice to commissioner; format; liability for disclosure of information or statement.
Section 500.1209 ‑ Termination of insurance producer's authority to represent insurer; responsibility and authority of insurance producer following notice of termination; exceptions; condition of insurer's authority to transact business in state; construction of subsection (2); “automobile insurance” and “home insurance” defined.
Section 500.1211 ‑ Solicitation and collection on behalf of licensed insurance producer; authorization; contract.
Section 500.1212 ‑ Persons acting as solicitors; contract with agent; license; notice of appointment.
Section 500.1214 ‑ Solicitor; application for license and notice of appointment; forms; examination required; program of study as condition to examination; waiver of examination or program of study; investigations and interrogatories; decision; issuance of license; qualifications; disclosures; acting on behalf of sponsoring agent; contents of license; person licensed as solicitor for casualty insurance permitted to act as solicitor for legal expense insurance; duration and surrender of license; reexamination; notice.
Section 500.1216 ‑ Solicitor as fiduciary; accounting methods; examination of records; remuneration of person acting as agent or solicitor.
Section 500.1218 ‑ Termination of solicitor's authority to represent agent; notice; disclosure; liability of agent.
Section 500.1224 ‑ Adjuster; application for license; forms; examination; investigations and interrogatories; waiver; decision; issuance of license; qualifications; additional restrictions; licenses to certain persons prohibited; "home state" defined.
Section 500.1226 ‑ Persons aiding adjuster; representation by adjuster; procedure for soliciting loss; schedule of rates; limitation on charges; contract.
Section 500.1232 ‑ Insurance counselor; license required; use of designation “certified insurance counselor” or “fraternal insurance counselor”; exceptions.
Section 500.1234 ‑ Insurance counselor; application for license; forms; examination; investigations and interrogatories; decision; issuance of license; qualifications.
Section 500.1238 ‑ Reporting mailing and electronic mail address of agent, solicitor, counselor, or adjuster; notice of change in address; maintaining address on file; mailing of notice of hearing or process.
Section 500.1239 ‑ Probation, suspension, or revocation of insurance producer's license; refusal to reissue; causes; civil fine; notice of license denial; hearing; license of business entity; penalties and remedies.
Section 500.1240 ‑ Payment or acceptance of commission, service fee, or valuable consideration.
Section 500.1242 ‑ Refusal, suspension, or revocation of license; notice; hearings; summary suspension; subpoenas.
Section 500.1244 ‑ Violation of chapter; hearing; serving copy of findings and cease and desist order; additional orders; reopening, altering, modifying, or setting aside order; violation of cease and desist order; notice and hearing; civil fine; suspension or revocation of license; disposition of fine.
Section 500.1246 ‑ Confidentiality; use of documents, materials, or other information.
218‑1956‑13 ‑ CHAPTER 13 HOLDING COMPANIES (500.1301...500.1379)
Section 500.1305 ‑ Domestic insurers; organization or acquisition of subsidiaries; book of business; value; admitted asset; limitation; amortization; annual test; definition; authority of commissioner.
Section 500.1311 ‑ Merging with or acquiring control of domestic insurer; statement; domestic property and casualty insurer with 200 employees or fewer; filing notification; “domestic insurer” explained.
Section 500.1313 ‑ Partnership, syndicate or other group; statement filed with commissioner, amendment.
Section 500.1315 ‑ Merger or acquisition of control; approval of commissioner; hearing.
Section 500.1316 ‑ Information to shareholders; expense; bond; examination or investigation.
Section 500.1319 ‑ Jurisdiction of actions arising out of violations; consent to process.
Section 500.1325 ‑ Registration statement; form; contents; other reports or information required.
Section 500.1326 ‑ Registration statement; nonmaterial information not disclosed.
Section 500.1327 ‑ Registration statement; reporting material changes or additions and distributions to shareholders.
Section 500.1332 ‑ Petition for disclaimer of affiliation; filing; contents; effect; disallowance.
Section 500.1334 ‑ Person subject to registration; providing information to insurer.
Section 500.1341 ‑ Transactions within holding company system; certain insurers as party; standards; prior approval; transactions entered into by domestic insurers; notification; separate transactions; review by commissioner; total investment exceeding 10% of corporation's voting securities.
Section 500.1343 ‑ Review by commissioner of ordinary shareholder dividends paid by domestic insurers; determination of reasonableness; factors; limiting or disallowing payment of shareholder dividends; declaration or payment from earned surplus; domestic insurer as member of insurance holding company system; extraordinary distribution to shareholders; hearing.
Section 500.1344 ‑ Officers and directors; obligation or liability; common management or cooperative or joint use of personnel, property, or services.
Section 500.1355 ‑ Examination of insurer or affiliates; confidentiality of information, written consent; notice, publication in interest of public.
Section 500.1368 ‑ Voting securities in violation of chapter; sequestration of securities.
Section 500.1371 ‑ Violation of chapter; action by commissioner; criminal proceeding; penalty.
Section 500.1377 ‑ Liquidation or rehabilitation; recovery of certain distributions or payments.
Section 500.1378 ‑ Failure by commissioner to act or make determination; petition for writ of superintending control.
Section 500.1379 ‑ Violation of chapter; suspension, revocation or refusal to renew license.
218‑1956‑14 ‑ CHAPTER 14 MANAGING GENERAL AGENTS (500.1400...500.1450)
Section 500.1409 ‑ Contract between managing general agent and insurer; required provisions.
Section 500.1413 ‑ Acts of managing general agent deemed acts of insurer; examination.
Section 500.1415 ‑ Violation; penalties; judicial review; rights of policyholders, claimants, and auditors.
218‑1956‑14a ‑ CHAPTER 14a PRODUCER CONTROLLED INSURERS (500.1451...500.1474)
Section 500.1455 ‑ Applicability of section; contract between controlling producer and insurer required for doing business; minimum provisions; audit committee; reports; applicability of section 60 days after effective date of chapter.
Section 500.1457 ‑ Notice of relationship between producer and controlled insurer; exception; applicability of section to policies written or renewed 60 days after effective date of chapter.
Section 500.1459 ‑ Noncompliance with chapter, regulation, or order; authority of commissioner; civil action for recovery of damages for benefit of insurer; other penalties; rights of third parties not affected or altered.
218‑1956‑15 ‑ CHAPTER 15 INSURANCE PREMIUM FINANCE COMPANIES (500.1501...500.1514)
Section 500.1503 ‑ License requirements; violation, penalty; fees, renewal, application.
Section 500.1504 ‑ License investigation of applicant; issuance, grounds, hearing, bond.
Section 500.1505 ‑ Premium finance company; license; revocation or suspension; grounds; hearing; penalty; appeal; remuneration; applicability of subsection (4).
Section 500.1506 ‑ Premium finance transaction records; examination; preservation.
Section 500.1508 ‑ Premium finance agreement; requirements; specifications; items; subsidiary companies.
Section 500.1509 ‑ Premium finance company; authorized charges; service charge; amending original contract where balance of premium due changed.
Section 500.1510 ‑ Insurance premium finance agreement; delinquency charge; cancellation charge.
Section 500.1511 ‑ Premium finance agreement; cancellation of insurance, procedure, notice, refund.
Section 500.1514 ‑ Insurance commissioner and employees; statement of expenses and charges, payment; employment of expert personnel.
218‑1956‑16. ‑ CHAPTER 16. Creditor-Placed Insurance (500.1601...500.1631)
Section 500.1601 ‑ Insurer or producer transacting creditor-placed insurance; scope.
Section 500.1609 ‑ Premiums; calculation; limitation; charges creating balloon payment prohibited.
Section 500.1615 ‑ Policy forms and certificates of insurance; filing; schedule of premium rates; withdrawal of approval.
Section 500.1617 ‑ Refund of unearned premium or other charges; statement of refund; amount.
Section 500.1619 ‑ Loss incurred; payment; reduced net debt or actual cash value amounts; subrogation; written statement; towing and storage charges.
Section 500.1625 ‑ Adequate disclosure of requirement to maintain insurance; notice; final notice; noncompliance.
Section 500.1627 ‑ Investigations or examinations; enforcement; hearing; consent agreement; injunctive relief.
Section 500.1803 ‑ Risk retention group chartered in state; certificate of authority; license; compliance.
Section 500.1805 ‑ Risk retention group chartered in state; summary form of required information.
Section 500.1807 ‑ Risk retention group chartered in state; plan of operation or feasibility study.
Section 500.1811 ‑ Risk retention group not chartered in state; submission of information to commissioner.
Section 500.1813 ‑ Risk retention group without certificate of authority issued by commissioner; tax; regulatory fee; report.
Section 500.1815 ‑ Risk retention group not chartered in state and doing business in state; compliance required; examination of financial condition.
Section 500.1817 ‑ Risk retention group not chartered in state and doing business in state; voluntary dissolution or delinquency proceeding.
Section 500.1819 ‑ Notice required on application form and front and declaration pages of policy.
Section 500.1821 ‑ Risk retention group chartered or doing business in state; prohibited conduct.
Section 500.1825 ‑ Purchasing group; information required before doing business in state.
Section 500.1827 ‑ Purchasing group and insurer thereof; registration fee; statement of registration; applicability of subsection (1); information to be furnished.
Section 500.1829 ‑ Purchase of insurance by purchasing group; written information to members; deductible or self-insured retention.
Section 500.1833 ‑ Prohibitions regarding property and casualty guaranty association or similar association; risks covered by property and casualty guaranty association; participating member in Michigan automobile insurance placement facility; submission of information by risk retention group; apportioning proportionate share of losses and expenses.
Section 500.1835 ‑ Licensing as condition to soliciting, negotiating, or procuring liability insurance; residency requirement for agent or broker; licensure of nonresident.
Section 500.1905 ‑ License required to act as agent or broker in transaction of surplus lines insurance; compliance; requirements for obtaining surplus lines license; permissible acts of surplus lines licensee; conditions to placement of insurance with eligible unauthorized insurer.
Section 500.1906 ‑ Books and records of surplus lines licensee; examination; access.
Section 500.1910 ‑ Prohibited placement of insurance with unauthorized insurer; rebuttable presumption as to availability of coverages; list of unavailable lines of insurance; additions to or deletions from list; publication, revision, and availability of list.
Section 500.1911 ‑ Issuing evidence of placement of insurance with eligible unauthorized insurer; conditions; identification of entities directly assuming risk of loss; specifying obligation as joint or several; specifying proportion of obligation assumed.
Section 500.1912 ‑ Delivery of written evidence of insurance to insured or insured's representative; time; conditions.
Section 500.1913 ‑ Separate account of each transaction; filing certified evidence of transactions.
Section 500.1915 ‑ Charging fee in excess of $50.00; conditions; excessive or discriminatory fee prohibited; documentation of fees; exclusion of fees in computation of premium taxes; adjustment; "consumer price index" defined.
Section 500.1916 ‑ Compensation of licensee and licensed resident agent; collection of premiums; effect of premium payment made to agent.
Section 500.1920 ‑ Recognition as eligible surplus lines insurer; application; recommendations; conditions; information; examination; removal of insurer from list.
Section 500.1921 ‑ Recognition as eligible unauthorized insurer; deposit; trust fund, marketable securities, or equivalent instruments; provisions inapplicable to certain unincorporated, alien insurers; commissioner as resident agent for service of process.
Section 500.1922 ‑ Notice on face of instrument evidencing surplus lines insurance.
Section 500.1930 ‑ Association of licensees; registration; purposes; required filings by association; reasons for refusal to register association; reasons for suspension or revocation of registration; denial of membership.
Section 500.1932 ‑ Servicing facility; establishment; reimbursement for expenses and payments; functions; approval; member licensee as servicing facility.
Section 500.1933 ‑ Suits by or against association; assertion or defense of rights.
Section 500.1940 ‑ Reports and recommendations regarding financial condition of eligible unauthorized insurer; reports and recommendations not considered public documents; liability for statements.
Section 500.1950 ‑ Placement of insurance with insurer which is neither an authorized insurer nor an eligible unauthorized insurer; duties of licensee.
Section 500.1951 ‑ Procuring, continuing, or renewing insurance with unauthorized insurer; report; tax on premiums; regulatory fee.
218‑1956‑20 ‑ CHAPTER 20 UNFAIR AND PROHIBITED TRADE PRACTICES AND FRAUDS (500.2001...500.2093)
Section 500.2003 ‑ Prohibited trade practices; “person” and “insurance policy” defined.
Section 500.2005a ‑ Unfair method of competition; unfair or deceptive act or practice.
Section 500.2006 ‑ Payment of benefits on timely basis; payment of interest in alternative; failure to pay claims or interest as unfair trade practice; liability for claim pursuant to judgment; proof of loss; inability to pay claim; interest requirements; failure of reinsurer to pay benefits on timely basis; effect of inconsistency with certain acts; exceptions; processing and payment procedures; notices; violations; fines; definitions.
Section 500.2007 ‑ Unfair methods of competition or deception; false, deceptive or misleading advertising.
Section 500.2008 ‑ Audit of insured's payroll expenditures; purpose; request; failure to complete payroll audit or final audit as unfair or deceptive act or practice; failure to pay premium adjustment or dividend on timely basis as unfair or deceptive act or practice; “timely basis” defined; interest; applicability of section.
Section 500.2009 ‑ False, maliciously critical, or derogatory statement as to financial condition.
Section 500.2010 ‑ Unfair method of competition; unfair or deceptive act or practice.
Section 500.2011 ‑ Unfair methods of competition; unfair or deceptive acts or practices.
Section 500.2012 ‑ Unfair methods of competition or deception; combinations in restraint of trade.
Section 500.2014 ‑ False material statement of financial condition; false entry or omission of true entry in book, report, or statement.
Section 500.2016 ‑ Unfair methods of competition and unfair and deceptive acts or practices in business of insurance; applicability of section.
Section 500.2017 ‑ Unfair methods of competition or deception; illegal inducements.
Section 500.2018 ‑ False or fraudulent statements or representations as to application for insurance policy.
Section 500.2019 ‑ Unfair methods of competition or deception; unfair discrimination in life insurance.
Section 500.2020 ‑ Unfair methods of competition or deception; unfair discrimination in accident or health insurance.
Section 500.2021 ‑ Failure to furnish insured rate information upon request; unfair method of competition and unfair or deceptive act or practice in business of insurance.
Section 500.2024 ‑ Unfair methods of competition or deception; rebates and special inducements.
Section 500.2025 ‑ Unfair methods of competition or deception; exclusions from discrimination, rebates.
Section 500.2026 ‑ Course of conduct indicating persistent tendency to engage in that type of conduct.
Section 500.2027 ‑ Unfair methods of competition and unfair or deceptive acts or practices; prohibited conduct.
Section 500.2029 ‑ Notice of hearing; opportunity to confer; summary disposition.
Section 500.2030 ‑ Hearing; procedure; intervention; burden of proof; commissioner or designate to preside; independent hearing officer; peremptory dismissal.
Section 500.2032 ‑ Unfair methods of competition or deception; hearing; oaths; witnesses; evidence; subpoenas; contempt of court; stenographic record; statement of evidence.
Section 500.2033 ‑ Hearing; directing witness to give testimony or produce evidence; immunity; perjury; waiver of immunity or privilege.
Section 500.2034 ‑ Unfair methods of competition or deception; service of notices, process and other papers, return.
Section 500.2038 ‑ Findings and decision to be in writing; cease and desist order; other orders; stay; modification or setting aside of order.
Section 500.2040 ‑ Violation of cease and desist order; penalty; stay; contents of cease and desist order.
Section 500.2041 ‑ Unfair methods of competition or deception; court review of orders, findings of fact conclusive, modification; additional evidence.
Section 500.2043 ‑ Unfair methods of competition or deception; procedure to enjoin, jurisdiction of circuit court; filing petition; additional evidence; modification of findings; issuance of injunction; preliminary notice; application for trade conference.
Section 500.2045 ‑ Unfair methods of competition or deception; court review on petition of intervenor.
Section 500.2047 ‑ Trade practice conferences; authorization by insurance commissioner; purpose; notice; scope; recommendation; rules, regulations, or standards; construction of section.
Section 500.2049 ‑ Unfair methods of competition or deception; liability under other state laws.
Section 500.2055 ‑ Misrepresentation of insurer's financial condition as misdemeanor; penalty; civil liability of officers and agents; forfeiture of chartered privileges; publication of true statement; other violations as misdemeanor; penalty.
Section 500.2057 ‑ Misrepresentation of insurer's identity prohibited; advertising by fire insurer not limited; violation as misdemeanor; penalty.
Section 500.2059 ‑ Maintaining or operating office for transaction of insurance business; using name of insurer in conducting or advertising business not related to business of insurance.
Section 500.2062 ‑ False reports; forfeiture of franchise or right to do business; violation by officers or agents as misdemeanor; penalty.
Section 500.2064 ‑ Misrepresentation of terms of policy; future benefits or dividends prohibited; illegal inducements; violation; revocation of certificate or license; penalties.
Section 500.2066 ‑ Rebates and illegal inducements prohibited; violation; revocation of license or certificate; penalties.
Section 500.2068 ‑ Revocation of license or certificate; notice; hearing; order; review by supreme court.
Section 500.2069 ‑ Violation of MCL 500.2064 and 500.2066 as misdemeanor; penalty.
Section 500.2070 ‑ Acceptance of rebate or illegal inducement prohibited; reduction of insurance; penalty.
Section 500.2075 ‑ Fire, marine or inland insurer's contract in restraint of competition prohibited; acts by agent prohibited; other prohibitions.
Section 500.2077 ‑ Creditors; favoritism of insurer prohibited; construction of section, violation, penalty.
Section 500.2080 ‑ Life insurance, accident insurance, sick or funeral benefit company; prohibited conduct with regard to mortuary or undertaking establishments; funeral establishment, cemetery, or seller as limited life insurance producer; authorization to sell associated life insurance policies or annuity contracts; sale of cemetery goods or services or funeral goods or services; advising customers; application form; list; statement; sufficiency of death benefit; designation of certain beneficiaries prohibited; money payments required; medical, surgical, or hospital service; conditions and criteria regarding predeath assignment of proceeds of life insurance policy or annuity contract; false or misleading statements; false, misleading, deceptive, or unfair advertising; rules; protection against certain solicitations; signed statement authorizing release of assignment proceeds; failure to sign authorization statement; conditions to sale or solicitation of sale of life insurance policy or annuity contract with intention of having purchaser assign proceeds; action to enforce compliance; damages; violation as misdemeanor; separate offenses; penalties; creation, administration, and use of funeral consumers education and advocacy fund; definitions.
Section 500.2082 ‑ Racial discrimination by life insurers prohibited; violation; penalty.
Section 500.2086 ‑ False report by physician as to life or casualty insurance applicant; penalty, civil liability to insurer.
Section 500.2088 ‑ False report by physician; claim for death, sickness or disability benefits, penalty.
Section 500.2092 ‑ Unlawful advertising; failure to cease and desist, procedure.
Section 500.2093 ‑ Enforcement of act against foreign or alien insurer; procedure.
Section 500.2105 ‑ Automobile insurance or home insurance to conform with chapter; exceptions.
Section 500.2106 ‑ Applicability of chapters 24 and 26; use of rates; inconsistent provisions.
Section 500.2107 ‑ Filings; review; disputes; approval; order of disapproval; revised filing.
Section 500.2108 ‑ Filing of manuals and plans; statement of character and extent of coverage; maintaining rates in effect for eligible persons; insurer as member of or subscriber to rating organization; deviations; certification, contents, and public inspection of filing; contract or policy to be in accordance with filings.
Section 500.2109 ‑ Rates for automobile insurance and home insurance; requirements; determining existence of reasonable degree of competition.
Section 500.2110 ‑ Development and evaluation of rates; considerations; systems of expense provisions; grouping risks by classifications.
Section 500.2110b ‑ Use of automobile repair or automobile glass repair or replacement service; unreasonable restriction prohibited; disclosure; notice to consumers; development of plan.
Section 500.2111 ‑ Classifications and territorial base rates for automobile insurance or home insurance; conformity with applicable requirements; additional factors.
Section 500.2111a ‑ Completion of traffic accident prevention course; premium discount to insureds 50 years of age and older; provisions.
Section 500.2112 ‑ Written notice to policyholder; information available upon request; contact information; manner of providing.
Section 500.2113 ‑ Private informal managerial-level conference with insurer; internal procedures; review and determination by commissioner; procedure for determination; hearing matter as contested case.
Section 500.2114 ‑ Person or organization aggrieved by filing; application for hearing; specification of grounds; notice of hearing; order of commissioner.
Section 500.2115 ‑ Finding by commissioner that reasonable degree of competition does not exist on statewide basis; order requiring compliance with chapter 24 or 26; hearing; notice; new order.
Section 500.2116 ‑ Condition of licensure as insurance agent; penalizing insurance agent.
Section 500.2116a ‑ Automobile insurance; person on active duty in United States armed forces; lapse in coverage; prohibited conduct by insurer; conditions.
Section 500.2117 ‑ Home insurance; condition of maintaining insurer's certificate of authority; basis of underwriting rules; provisions applicable to repair cost policy; rates; aggregation of claims; adjustment of minimum dollar amounts.
Section 500.2118 ‑ Automobile insurance; condition of maintaining insurer's certificate of authority; basis of underwriting rules.
Section 500.2119 ‑ Underwriting rules to be in writing; inconsistent transactions prohibited; uniform application of underwriting rules required; adoption of underwriting rules by insurer with more than 1 rating plan; underwriting rules for new applicants and for renewals; filing and public inspection of underwriting rules; order prohibiting use of inconsistent underwriting rule.
Section 500.2120 ‑ Automobile insurance; establishment of underwriting rules by affiliated insurers; applicability of subsection (1); compliance; separate rating plans; applicability of subsection (2); underwriting rules defining applicable rating plan; basis of underwriting rules.
Section 500.2121 ‑ Home insurance; criteria for selecting dwellings for inspection; inspection program; filing inspection criteria; disapproval of inspection criteria; liability.
Section 500.2122 ‑ Declination of insurance; explanation of reasons; refusal of application form as declination.
Section 500.2123 ‑ Termination of insurance; delivery or mailing of notice; contents of notice; effective date of termination; conformity with underwriting rules; violation of chapter 32 not authorized.
Section 500.2125 ‑ Suspension of insurer's obligation under MCL 500.2117 or 500.2118; hearing; duration of suspension.
Section 500.2126 ‑ Suspension of acceptance of applications; filing and contents of notice; disapproval.
Section 500.2127 ‑ Collecting and reporting data; rule; use of sampling techniques.
Section 500.2129 ‑ Exemption from chapter; request; form; continuation of exemption; filing annual reporting form; order discontinuing exemption; requalification for exemption prohibited; ineligible insurers.
Section 500.2130 ‑ Rules requiring exchange of insurance claim information; liability.
Section 500.2131 ‑ Effective date of MCL 500.2101 to 500.2105, 500.2107, and 500.2131; effective date of chapter generally.
218‑1956‑21a ‑ CHAPTER 21a CREDIT INFORMATION AND CREDIT SCORES (500.2151...500.2161)
Section 500.2161 ‑ Use of credit information or insurance scores; liability, fees, and costs arising out of actions, errors, or omissions.
218‑1956‑22 ‑ CHAPTER 22 THE INSURANCE CONTRACT (500.2204...500.2290)
Section 500.2204 ‑ Settlement of action brought by third party against person insured under commercial liability insurance policy; notice to insured required.
Section 500.2207 ‑ Insurable interest; personal insurance; rights of beneficiaries, creditors.
Section 500.2209 ‑ Insurable interest; married woman; right to proceeds, devise.
Section 500.2210 ‑ Definitions; insurable interest; employer; trust; exemption from claims.
Section 500.2212a ‑ Policy or certificate issued under chapter 34 or 36; description of terms, conditions, and information; written request; “board certified” defined.
Section 500.2212b ‑ Termination of participation between primary care physician and insurer; notice to insured; effect of termination; definitions.
Section 500.2213 ‑ Internal formal grievance procedure; approval by commissioner; provisions; person authorized to act on behalf of insured or enrollee; section inapplicable to provider complaint and insurance listed in right to independent review act; definitions.
Section 500.2213b ‑ Renewal or continuation of individual or group policy; guaranteed renewal; expense-incurred hospital, medical, or surgical policy offered under chapter 34 or 36; discontinuing plan or product in nongroup or group market; short-term or 1-time limited duration policy or certificate; maintenance and compilation of reports.
Section 500.2213c ‑ Disability income insurer; internal grievance procedure; establishment; contents; “grievance” defined.
Section 500.2218 ‑ Disability insurance; false statement in application; effect.
Section 500.2226 ‑ Life insurance; benefits, manner of payment, period, and premiums to be contained in policy.
Section 500.2227 ‑ Withholding final settlement amount; notice; escrow procedure to be followed by city, village, or township; disposition of money by local treasurer; commingling funds prohibited; retention of interest to defray expenses; forwarding policy proceeds; proof; effect of failure to provide reasonable proof; liability; applicability of section; definitions.
Section 500.2235 ‑ Written notice to insured under worker's compensation insurance policy.
Section 500.2236 ‑ Forms generally; filing; approval; type size; effect of membership in or subscription to rating organization; substitute form; readability score and other requirements; approval of changes or additions; notice of disapproval or withdrawal of approval; hearing; separate violation; penalty; applicability of filing requirements; “exempt commercial policyholder” defined; court review of order.
Section 500.2236a ‑ Interest indexed universal life insurance; information to be maintained on file.
Section 500.2237 ‑ Group disability insurance policy; prohibited restriction of liability.
Section 500.2239 ‑ Health care service rendered by dentist; benefits or reimbursement; “dentist” defined; policies to which section applicable.
Section 500.2242 ‑ Group disability policy; filing and approval of form; grounds for disapproval; notice, hearing, and appeal requirements; extension of time period; withdrawal of approval.
Section 500.2246 ‑ Insured or applicant for life insurance policy as victim of domestic violence; refusal to provide coverage prohibited; exceptions; liability; applicability to policies on or after June 1, 1998; “domestic violence” defined.
Section 500.2250 ‑ Binders or other contracts for temporary insurance; applicability.
Section 500.2254 ‑ Action against domestic insurer by member or beneficiary; conditions.
Section 500.2260 ‑ Life or disability insurance; acts not constituting waiver of defenses.
Section 500.2264 ‑ Termination of dependent coverage at specified age; exception.
Section 500.2264a ‑ Hospital or medical care coverage or reimbursement for children who are full-time or part-time students and take leave of absence.
218‑1956‑23 ‑ CHAPTER 23 WORKER'S COMPENSATION INSURANCE RATES (500.2301...500.2352)
Section 500.2310 ‑ Facility; operation; board of governors; appointment, terms, and qualifications of members.
Section 500.2312 ‑ Facility; plan of operation; preparation, approval, review, and revision; required provisions; application of plans to insureds; retrospective evaluation of premiums and loss and expense experience.
Section 500.2318 ‑ Facility; classification and rating systems; determination and use.
Section 500.2322 ‑ Agent authorized to solicit, negotiate, or effect worker's compensation insurance on behalf of facility or participating member; rights and duties.
Section 500.2350 ‑ Formal hearing and ruling by facility board of governors; request; appeal; commissioner's order.
218‑1956‑24 ‑ CHAPTER 24 CASUALTY INSURANCE RATES (500.2400...500.2484)
Section 500.2401 ‑ Applicability of chapter; insurance or coverage subject to regulation by another rate regulatory chapter; filing designation with commissioner; order for prior approval; absence of reasonable degree of competition.
Section 500.2402 ‑ Definitions; data collection agency; creation; purpose; governing board; appointment, terms, and qualifications of members; conduct of business at public meeting.
Section 500.2404 ‑ Secondary or merit rating plan for commercial liability insurance rates; rating plan for medical malpractice insurance; limitations; “commercial liability insurance” defined.
Section 500.2405 ‑ Liquor liability insurance policies; server training discount plan; certified server training course.
Section 500.2406 ‑ Required filings by insurers; exception; supporting information; notice; public inspection; becoming member of or subscriber to licensed rating organization; rates and rating systems regarding worker's compensation insurance; filings; certification.
Section 500.2407 ‑ “Pure premium data” defined; worker's compensation insurance; collecting, compiling, or making available to insurers certain information; filing rating system incompatible with approved statistical plans; proposed plan for reporting data; hearing; sharing information in establishing rates prohibited; exception; cost of operating data collection agency; rules; applicability of section.
Section 500.2408 ‑ Review of filings by commissioner; purpose; waiting period; extension; effective date of filing; special filing; section inapplicable to worker's compensation insurance.
Section 500.2409 ‑ Public hearing and report required; condition; basis of report; findings; certification; contested hearing; final report and certification; consideration by commissioner; forwarding reports and certification to governor, clerk of the house, secretary of the senate, and legislative committee members; approval or disapproval of certification by legislature; concurrent resolution; vote.
Section 500.2409a ‑ Worker's compensation insurance market; plan to create competition or availability; methods; powers of commissioner.
Section 500.2409b ‑ Availability of liquor liability insurance; report; certification; considerations; submission of report and certification; “liquor liability insurance” defined.
Section 500.2409c ‑ Public hearing; issuance and contents of tentative report; request for contested hearing; final report and certification; considerations.
Section 500.2410 ‑ Filing requirements; modification or suspension by insurance commissioner.
Section 500.2411 ‑ Rates and rating systems; classifications; merit rating plan; use of single enterprise rule or similar rule prohibited.
Section 500.2418 ‑ Disapproval of filing after approval; hearing; notice; procedure.
Section 500.2419 ‑ Excessive premium charges for worker's compensation insurance; personal meeting with management representative; providing reserve and redemption information to insured upon request; determination of dispute by commissioner; rules; redemption of worker's compensation claim; notice.
Section 500.2420 ‑ Complaint of aggrieved person or organization; application for hearing; notice; order rendering filing ineffective; filing by insurer providing worker's compensation insurance controlled by nonprofit health care corporation; prohibited use of section.
Section 500.2421 ‑ Insurer authorized to write worker's compensation insurance; prohibited acts.
Section 500.2426 ‑ Manual of classifications, rules and rating plans; rates meeting standards.
Section 500.2430 ‑ Manual of classifications; rules and rating plans; alternative filing; effective date; hearing; order of disapproval; adjustment of premium; review of filing.
Section 500.2434 ‑ Malpractice insurance for physicians; rating classifications; furnishing classifications to legislature and governor.
Section 500.2436 ‑ Application for license as rating organization; issuance of license by commissioner; fee; duration; notification of changes.
Section 500.2438 ‑ Rating organizations; subscribers; notice of changes in rules; furnishing of service without discrimination; review; order.
Section 500.2440 ‑ Rating organizations; rules affecting payment of dividends, savings or unabsorbed premium.
Section 500.2446 ‑ Rating organizations; cooperation with other rating organizations and insurers, discontinuance.
Section 500.2450 ‑ Rating organizations; deviation from filings, procedure, termination of deviation.
Section 500.2452 ‑ Rating organizations; alternative deviation, without waiting period, procedure, termination of deviation.
Section 500.2456 ‑ Rating organizations; subscriber appeal to insurance commissioner from action by organization.
Section 500.2458 ‑ Furnishing information as to rates; hearings for persons aggrieved by rating system; appeal; representation.
Section 500.2462 ‑ Advisory organizations; definition; filing; discontinuance of unfair or unreasonable practices; rate filings; violation.
Section 500.2475 ‑ Policy forms and statistical plans for worker's compensation insurance; continuation.
Section 500.2477 ‑ Submission of data and information by insurer providing professional liability insurance; retention of data and information as confidential records; release of records; liability.
Section 500.2477a ‑ Municipal liability insurance; data and information required; filing and release of data and information; liability.
Section 500.2477b ‑ Municipal liability claim or professional liability claim; submission of data by person paying or assuming liability to pay claim; retention, filing, and release of data and information; liability.
Section 500.2477c ‑ Attorney representing plaintiff or defendant in regard to municipal liability or professional liability claim; submission of data to commissioner; retention, filing, and release of data and information; liability.
Section 500.2478 ‑ Violation of chapter; imposition and disposition of civil fine; suspension or revocation of license.
Section 500.2482 ‑ Insurer or rating organization aggrieved by order without hearing; hearing, court review.
218‑1956‑25 ‑ CHAPTER 25 BROWN-McNEELY INSURANCE FUND (500.2500...500.2517)
218‑1956‑26 ‑ CHAPTER 26 FIRE AND INLAND MARINE RATES (500.2600...500.2674)
Section 500.2608 ‑ Rate filings; review by insurance commissioner; waiting period; specific inland marine rates on risks.
Section 500.2610 ‑ Filing requirements; modification or suspension by insurance commissioner.
Section 500.2616 ‑ Disapproval of filing by insurance commissioner; notice; waiting period; specific inland marine rate.
Section 500.2620 ‑ Disapproval of filing; complaint of aggrieved person or organization; hearing; notice; order rendering filing ineffective.
Section 500.2626 ‑ Manual, minimum, class rate, rating schedule, rating plan or rule; rates meeting standards.
Section 500.2628 ‑ Rates; alternative method of filing; disapproval; hearing; order; approval; adjustment of premium; review.
Section 500.2636 ‑ Rating organizations; subscribers; notice of changes in rules and regulations; review; order.
Section 500.2638 ‑ Rating organizations; rules affecting payment of dividends, savings or unabsorbed premiums.
Section 500.2640 ‑ Rating organizations; cooperation with other rating organizations and insurers, discontinuance.
Section 500.2642 ‑ Rating organizations; submission of policies for examination; actuarial, technical, or other services.
Section 500.2646 ‑ Rating organizations; deviation, procedure, termination of deviation.
Section 500.2650 ‑ Rating organizations; member or subscriber, appeal to insurance commissioner.
Section 500.2652 ‑ Rating organizations; rating information to insured, appeal to insurance commissioner.
Section 500.2654 ‑ Advisory organizations; definition; filing; discontinuance of unfair or unreasonable practices; rate filings; violation.
Section 500.2666 ‑ Withholding information, false or misleading information; penalties.
Section 500.2670 ‑ Violation of chapter; imposition and disposition of civil fines; suspension or revocation of license.
Section 500.2672 ‑ Insurer or rating organization aggrieved by order without hearing; hearing, court review.
218‑1956‑27 ‑ CHAPTER 27 LEGAL EXPENSE INSURANCE (500.2700...500.2706)
Section 500.2704 ‑ Rate-making procedure; uniformity among insurers; excessive rates.
Section 500.2706 ‑ Procedures and standards for approval of casualty rates and forms to apply to legal expense insurance.
218‑1956‑28 ‑ CHAPTER 28 FIRE INSURANCE CONTRACTS (500.2804...500.2866)
Section 500.2804 ‑ Fire insurance contracts on property herein deemed made in Michigan.
Section 500.2826 ‑ Liability for difference between actual value of property and amount expended to repair, rebuild, or replace.
Section 500.2827 ‑ Fire policy providing reimbursement for lost or damaged property; maximum liability; cash settlement; payment of amount in excess of actual cash value of lost or damaged property.
Section 500.2834 ‑ Fire insurance policy; exclusion related to terrorism; definition.
Section 500.2836 ‑ Breach of warranty or condition as defense; payment of losses.
Section 500.2845 ‑ Withholding 25% of actual cash value or final settlement where loss to insured real property due to fire or explosion; notice to treasurer, insured, and mortgagee; escrowing and retaining withheld amount; procedure; recording information and depositing money in trust or escrow account; releasing policy proceeds to mortgagee; commingling funds prohibited; retaining earned interest; forwarding policy proceeds to insured; reasonable proof; using retained proceeds to secure, repair, or demolish damaged or destroyed structure and clear property; returning unused portion of retained proceeds; liability of insurer; applicability of section; list of cities, villages, and townships; additions and deletions; ceasing or continuing to apply section; inapplicability of withholding requirements; definitions.
Section 500.2866 ‑ Violation of chapter; forfeiture and disposition of fine; revocation of authority to transact business; reinstatement.
218‑1956‑29 ‑ CHAPTER 29 BASIC PROPERTY INSURANCE (500.2901...500.2954)
Section 500.2910 ‑ Inspection of property; requests; operation of inspection bureau.
Section 500.2912 ‑ Issuing insurance at rate requiring consent under MCL 500.2414 or 500.2614; inspection; sworn statements; false affidavits; employing services of surplus lines agent; forms of sworn statements; descriptions of rights.
Section 500.2920 ‑ Michigan basic property insurance association or “pool”; membership; plan of operation and amendments to plan; approval; compliance; designation of members as servicing facilities; reimbursement and authority of facility; rules; rights and liabilities of pool.
Section 500.2921 ‑ Board of governors as manager of pool; appointment, election, qualifications, and term of members; time of election; allotment of votes; increasing number of governors; vacancy.
Section 500.2923 ‑ Agents writing insurance on behalf of pool; commissions; losses.
Section 500.2924 ‑ Underwriting standards employed in determining acceptable risk for basic property insurance; basis of underwriting program for home insurance.
Section 500.2925 ‑ Application to pool for basic property insurance; form; findings; issuance of policy; reinsuring policies; statement required if risk found not acceptable; term of policy; renewal of policy; waiver of inspection; issuance and term of binders.
Section 500.2925a ‑ Application to pool for home insurance; form; findings; issuance of policy; reinsuring policies; statement required if property or applicant not qualified; term of policy; renewal of policy; selection of dwellings for inspection; issuance and term of binders.
Section 500.2930 ‑ Basic property insurance; amount of premium; surcharge; establishment of rates; filing rates and policy forms.
Section 500.2930a ‑ Rates charged in territory for home insurance; conditions; limitation on premium for repair cost policy; development of plans, rules, classifications, territories, and calculation steps; policy forms; filing; definitions.
Section 500.2931 ‑ Limitation on annual premiums written by or on behalf of pool; premium ratios.
Section 500.2932 ‑ Annual rate of assessment; establishment; purpose; basis; notice; payment of assessments; estimating assessable premiums; adjustment of premium rates; annual statement; assessments as income; deficit or surplus; advance assessments; exempting or deferring assessment; duration of certain rate adjustments; certain deficits carried forward; sharing assets, liabilities, income, and disbursements.
Section 500.2942 ‑ Liability for statements made in reports, at hearings, or in findings; reports of inspection bureau.
Section 500.2952 ‑ Federal riot reinsurance reimbursement fund; contents, assessments, reimbursements, retroactive effect.
218‑1956‑30 ‑ CHAPTER 30 CASUALTY INSURANCE CONTRACTS (500.3004...500.3037)
Section 500.3006 ‑ Liability insurance policies; insolvency or bankruptcy of insured.
Section 500.3009 ‑ Motor vehicle liability policy; minimum coverage; exclusion of named person; notice; documentary evidence of deleted coverages.
Section 500.3010 ‑ Loss or damage to insured vehicle caused by fire or explosion; payment of claim; report; applicability of section; local governments electing to apply section to all insurance companies; list; insurer withholding money while complying with section.
Section 500.3012 ‑ Liability insurance policy; noncomplying forms, defenses of insurer.
Section 500.3020 ‑ Policy of casualty insurance; mandatory provisions; filing rule providing minimum retention of premium for automobile insurance; issuance of policy to meet MCL 257.227a; providing short rate premium for insurance on motorcycle, watercraft, off-road vehicle, or snowmobile; definitions; effect of cancellation on claim; mailing or delivery of notice; statement; rule establishing short rate premium.
Section 500.3021 ‑ Liability insurance policy; prohibits age discrimination, conditions.
Section 500.3030 ‑ Insurer not to be made or joined as party defendant; reference to insurer or insurance during trial.
Section 500.3036 ‑ Liability policy in lieu of bond on appeal; recognizance for costs; deposit of policy or bond; admission of liability; agreement to pay judgment; judgment in excess of coverage; stay of execution upon filing bond for difference.
Section 500.3037 ‑ Limited collision, broad form collision, and standard and limited collision coverages; deductibles; waiver of deductible; rejection of coverages; form; rejection statement; failure to sign or return written rejection statement; explanation of collision coverage options; providing policyholder with collision coverage information; “collision coverage” and “substantially at fault” defined; effective date of section.
218‑1956‑31 ‑ CHAPTER 31 MOTOR VEHICLE PERSONAL AND PROPERTY PROTECTION (500.3101...500.3179)
Section 500.3101 ‑ Security for payment of benefits required; period security required to be in effect; deletion of coverages; definitions; policy of insurance or other method of providing security; filing proof of security; “insurer” defined.
Section 500.3101a ‑ Providing certificates of insurance to policyholder; filing copy with secretary of state; requirements; "private passenger nonfleet automobile" defined; vehicle identification number as proof of vehicle insurance; prohibited acts; misdemeanor; penalty; report.
Section 500.3101d ‑ Qualification as self-insurer; certificate; issuance; cancellation.
Section 500.3102 ‑ Nonresident owner or registrant of motor vehicle or motorcycle to maintain security for payment of benefits; operation of motor vehicle or motorcycle by owner, registrant, or other person without security; penalty; failure to produce evidence of security; rebuttable presumption.
Section 500.3103 ‑ Owner or registrant of motorcycle; security required; offering security for payment of first-party medical benefits; rates, deductibles, and provisions.
Section 500.3105 ‑ Insurer liable for personal protection benefits without regard to fault; “bodily injury” and “accidental bodily injury” defined.
Section 500.3106 ‑ Accidental bodily injury arising out of ownership, operation, maintenance, or use of parked vehicle as motor vehicle; conditions.
Section 500.3107 ‑ Expenses and work loss for which personal protection benefits payable.
Section 500.3109 ‑ Subtraction of other benefits from personal protection benefits; injured person defined; deductible provision.
Section 500.3109a ‑ Offering deductibles and exclusions reasonably related to other health and accident coverage; rates; approval; applicability.
Section 500.3110 ‑ Dependents of deceased person; termination of dependency; accrual of personal protection benefits.
Section 500.3111 ‑ Payment of personal protection benefits for accident occurring out of state.
Section 500.3112 ‑ Persons to whom personal protection benefits payable; discharge of insurer's liability.
Section 500.3114 ‑ Persons entitled to personal protection insurance benefits or personal injury benefits; recoupment barred; order of priority for claim of motor vehicle occupant or motorcycle operator or passenger; 2 or more insurers in same order of priority; partial recoupment.
Section 500.3115 ‑ Priorities as to claims of persons not occupants of vehicle; partial recoupment; limitation on benefits.
Section 500.3116 ‑ Value of claim in tort; subtraction from or reimbursement for benefits.
Section 500.3127 ‑ Distribution of loss, reimbursement, and indemnification among property protection insurers.
Section 500.3135 ‑ Tort liability for noneconomic loss; "serious impairment of body function" defined.
Section 500.3142 ‑ Personal protection benefits payable as loss accrues; overdue benefits.
Section 500.3145 ‑ Limitation of actions for recovery of personal or property protection benefits; notice of injury.
Section 500.3153 ‑ Court orders as to noncompliance with MCL 500.3151 and 500.3152.
Section 500.3157 ‑ Charges for products, services, and accommodations where treatment rendered.
Section 500.3158 ‑ Statement of earnings; report and records from medical institution.
Section 500.3163 ‑ Certification by admitted and nonadmitted insurers as to protection of out-of-state resident; rights and immunities of insurer and insureds; benefits to out-of-state resident; limitation.
Section 500.3171 ‑ Assigned claims plan; organization and maintenance; participation; costs; rules; adoption and maintenance by Michigan automobile insurance placement facility; approval of plan; amendments; provisions; report; definitions.
Section 500.3172 ‑ Conditions to obtaining personal protection insurance benefits through assigned claims plan; collection of unpaid benefits; reimbursement from defaulting insurers; reduction of benefits; applicability of subsection (2); definitions; effect of dispute between insurers.
Section 500.3172.amended ‑ Conditions to obtaining personal protection insurance benefits through assigned claims plan; collection of unpaid benefits; reimbursement from defaulting insurers; reduction of benefits; applicability of subsection (2); definitions; effect of dispute between insurers.
Section 500.3173 ‑ Certain persons disqualified from receiving benefits under assigned claims plans.
Section 500.3174 ‑ Notice of claim through assigned claims plan; assignment of claim; notice to claimant; commencement of action by claimant.
Section 500.3174.amended ‑ Notice of claim through assigned claims plan; assignment of claim; notice to claimant; commencement of action by claimant.
Section 500.3175 ‑ Rules for assignment of claims; duties of insurer to whom claims assigned; compromises and settlements; rules; limitation on action to enforce rights; interest on delinquent payments; installment payments.
Section 500.3175.amended ‑ Rules for assignment of claims; duties of insurer to whom claims assigned; compromises and settlements; procedures; limitation on action to enforce rights; interest on delinquent payments; installment payments; default.
Section 500.3177 ‑ Recovery by insurer of benefits and costs from owner or registrant of uninsured motor vehicle; written agreement to pay judgment in installments; notice.
218‑1956‑32 ‑ CHAPTER 32 CANCELLATION OF AUTOMOBILE LIABILITY POLICIES (500.3201...500.3262)
Section 500.3208 ‑ Inapplicability of chapter; termination of coverage at end of policy period.
Section 500.3234 ‑ Validity of cancellation; appeal, hearing by insurance commissioner, notice.
Section 500.3244 ‑ Validity of cancellation; order for reinstatement or upholding cancellation; stay of cancellation; appeal.
Section 500.3262 ‑ Private automobiles of peace officers, fire fighters, or ambulance drivers; cancellation of insurance; “ambulance driver” defined.
218‑1956‑33 ‑ CHAPTER 33 AUTOMOBILE INSURANCE PLACEMENT FACILITY (500.3301...500.3390)
Section 500.3301 ‑ Michigan automobile insurance placement facility; purpose; participation.
Section 500.3310 ‑ Board of governors of facility; election and appointment of governors; representation of insurance agents and general public; terms; vacancies; adoption of plan of operation by facility committee; approval of plan; amendments and adherence to plan.
Section 500.3320 ‑ Private passenger nonfleet automobiles; duties of facility; insurance requirements.
Section 500.3321 ‑ Automobiles not included in MCL 500.3320; insurance required; equitable distribution of applicants to participating members.
Section 500.3330 ‑ Board of governors; powers generally; establishment of automatic data processing system.
Section 500.3340 ‑ Filing of classifications, rules, rates, and amendments thereto; approval; use of rates and rules; certain laws inapplicable; requirements for private passenger nonfleet automobile rates.
Section 500.3355 ‑ Agent; duties; disqualification by facility; notice; request for hearing; ruling by board of governors; appeal; prohibited conduct by disqualified agent; standards and procedures.
Section 500.3365 ‑ Eligibility for automobile insurance; requesting assignment, rejecting assignment, or requesting reassignment; notice of statutory eligibility standards.
Section 500.3380 ‑ Hearing and ruling by board of governors; grounds; applicability of right to hearing; filing request for hearing; hearing to be prompt and fair; appeal; order.
Section 500.3385 ‑ Recoupment of assessments; surcharge; rate including factor for recoupment.
218‑1956‑34 ‑ CHAPTER 34 DISABILITY INSURANCE POLICIES (500.3400...500.3480)
Section 500.3400 ‑ Policy of disability insurance; scope of chapter, exemptions, exceptions.
Section 500.3401 ‑ Purpose of chapter; short title, uniform disability insurance policy provisions law.
Section 500.3403 ‑ Individual disability insurance policy; coverage for newly born children; notice of birth; payment of premium.
Section 500.3404 ‑ Disability insurance policies issued for delivery to nonresident.
Section 500.3405 ‑ Prudent purchaser agreements with providers of hospital, nursing, medical, surgical, or sick-care services; disability insurance policies; rates; discrimination prohibited; prior contracts and renewal; optometric and chiropractic service.
Section 500.3406 ‑ Disability insurance policy; provisions required, captions, omissions, substitutions.
Section 500.3406a ‑ Hospital, medical, or surgical expense incurred policy; mastectomy benefit coverage required.
Section 500.3406b ‑ Coverage for mental health services by mental health care provider.
Section 500.3406d ‑ Coverage for breast cancer diagnostic services, breast cancer outpatient treatment services, and breast cancer rehabilitative services; coverage for breast cancer screening mammography; definitions; effective date of section.
Section 500.3406e ‑ Coverage for drug used in antineoplastic therapy and cost of its administration; conditions.
Section 500.3406f ‑ Excluded or limited coverage; “group” defined; applicability of section; crediting prior continuous health care coverage; examination by commissioner and director; report.
Section 500.3406g ‑ Policy or certificate offering dependent coverage to child; denial of enrollment on certain grounds prohibited.
Section 500.3406h ‑ Eligibility of parent for dependent coverage; health coverage of child through noncustodial parent; duties of insurer; court or administrative order and notice required.
Section 500.3406i ‑ Individual eligible under title XIX of social security act; assignment of rights of insured to department of social services.
Section 500.3406j ‑ Insured or applicant for expense-incurred hospital, medical, or surgical policy or certificate as victim of domestic abuse; refusal to provide coverage prohibited; exception; liability; applicability to policies or certificates on or after June 1, 1998; “domestic violence” defined.
Section 500.3406k ‑ Emergency health services; medical services coverage; “stabilization” defined.
Section 500.3406o ‑ Insurer providing prescription drug coverage; formulary restrictions.
Section 500.3406p ‑ Establishment of program to prevent onset of clinical diabetes required; report; coverages; “diabetes” defined.
Section 500.3406q ‑ Off-label use of approved drug; coverage; conditions; compliance; use of copayment, deductible, sanction, or utilization control; limitation; definitions.
Section 500.3406r ‑ Coverage for obstetrical and gynecological services by physician or nurse midwife.
Section 500.3406s ‑ Diagnosis and treatment of autism spectrum disorders; coverage; prohibition; availability of other benefits; conditions; qualified health plan offered through American health benefit exchange pursuant to federal law; short-term or 1-time limited duration policy or certificate; prescription drug plan; coordinated benefits; definitions.
Section 500.3407a ‑ Conduct on behalf of or information provided to insured by health care provider; prohibition or discouragement by disability insurer.
Section 500.3407b ‑ Undergoing genetic testing as condition of issuing, renewing, or continuing policy or certificate; disclosure of genetic testing or genetic information; prohibitions; “genetic information” and “genetic test” defined.
Section 500.3409 ‑ Disability insurance; mandatory notices as to cancellation and refund of premium.
Section 500.3425 ‑ Health insurance policies; coverage for intermediate and outpatient care for substance abuse required; option to decline; charges, terms and conditions; reduction of coverage; deductibles and copayment provisions; minimum coverage; adjustment; definitions; effective date of section.
Section 500.3430 ‑ Optional policy provisions; insurance commissioner's approval.
Section 500.3439 ‑ Insurance with other insurers; allowable provisions; report to legislature.
Section 500.3440 ‑ Insurance with other insurers; other benefits; optional provision.
Section 500.3464 ‑ Foreign or alien insurers; provision required by other state law; domestic insurers; provision required by other state or country.
Section 500.3468 ‑ Provisions violating code; construction of noncomplying policies and provisions.
Section 500.3472 ‑ Open enrollment period; prohibitions; establishment of reasonable periods for disability policies; minimum standards for frequency and duration of open enrollment periods.
Section 500.3475 ‑ Reimbursement for services by licensed psychologist, podiatrist, or chiropractor; section inapplicable to policy or certificate involving prudent purchaser agreement.
Section 500.3476 ‑ Telemedicine services; provisions; definition; applicability.
218‑1956‑35 ‑ CHAPTER 35 HEALTH MAINTENANCE ORGANIZATIONS (500.3501...500.3580)
Section 500.3503 ‑ Applicability of provisions to health maintenance organization.
Section 500.3505 ‑ Certificate of authority; use of descriptive words; restrictions.
Section 500.3507 ‑ Authorizing and regulating health maintenance organization; establishment of system by commissioner.
Section 500.3509 ‑ Certificate of authority; application; form; limitation; change of service area.
Section 500.3511 ‑ Governing body; election of enrollee board members; terms; vacancy; meetings.
Section 500.3513 ‑ Health delivery and business and financial operations; regulation by commissioner.
Section 500.3515 ‑ Additional health maintenance services; copayments; limitation; report on increase of employer and employee numbers; "preventive health care services" defined; partial payment from government or private person.
Section 500.3517 ‑ Healthy lifestyle programs; emergency or out-of-area service; payment of expenses or fees.
Section 500.3519 ‑ Contract and contract rates; fairness; rate differential; basic health services required.
Section 500.3521 ‑ Prepayment rates; filing and approval of methodology; schedule.
Section 500.3525 ‑ Proposal to revise contract or rate; approval of commissioner; approval with modifications; hearing; disposition; exception; notice.
Section 500.3527 ‑ Health maintenance contract; performance; violation of terms.
Section 500.3529 ‑ Affiliated provider contracts; collection of payments from enrollees; contract provisions; waiver of requirement under subsection (2); contract format; evidence of sufficient number of providers.
Section 500.3530 ‑ Availability of covered services; assurance; establishment and maintenance of proximity.
Section 500.3531 ‑ Contracts with health care providers to become affiliated providers; requirements; standards; filing; duplicative standards; notice procedures; provider application period; approval or rejection as affiliated provider; termination of contract; providing information to insurer.
Section 500.3533 ‑ Prudent purchaser contracts; reimbursement for unauthorized services or services by nonaffiliated providers; rate and operating requirements; maintenance of financial records by health maintenance organization.
Section 500.3537 ‑ Open enrollment period; acceptance of group members; rating nongroup membership.
Section 500.3539 ‑ Nongroup contract; exclusion or limitation; preexisting condition; renewal or continuation of nongroup contract or group contract; guaranteed renewal; healthy lifestyle program; "group" defined.
Section 500.3547 ‑ Health care service operations; visitation or examination by commissioner; consultation with enrollees; additional authority.
Section 500.3559 ‑ Reinsurance contract or plan; purpose; filing; approval; coverage.
Section 500.3563 ‑ Insolvency; allocation of group coverage to health maintenance organizations and insurers participating in enrollment process; allocation of group coverage to health maintenance organizations or insurers within service area; nongroup coverage; reassignment of enrollees of insolvent organization contracting with state funded health care program.
Section 500.3567 ‑ Cancellation of contract with nongroup enrollee by health maintenance organization.
Section 500.3569 ‑ Assumption of financial risk; “requiring an affiliated provider to assume financial risk” defined.
Section 500.3573 ‑ Operation of health care delivery system not meeting requirements of act; permitted conduct; limitations.
Section 500.3580 ‑ Consumer guide to health maintenance organizations; publication; contents; data; writing, presentation, promotion, and distribution of guide; access through internet.
218‑1956‑36 ‑ CHAPTER 36 GROUP AND BLANKET DISABILITY INSURANCE (500.3600...500.3650)
Section 500.3601a ‑ Group disability insurance policy; issuance to trust or trustees; requirements.
Section 500.3606 ‑ Power to issue group disability insurance policies; filing and approval of form.
Section 500.3607 ‑ Replacement group disability insurance policy or certificate with preexisting condition limitation; elimination, reduction, or limitation of benefits; applicability of section to in-state resident; “disability coverage” and “disability insurance policy” defined.
Section 500.3609a ‑ Group disability insurance policy; substance abuse; effective date of section.
Section 500.3611 ‑ Group disability insurance policy; coverage for newly born children; notice of birth; payment of premium.
Section 500.3612a ‑ Individual conversion policy; determination of premium; factors; limitation.
Section 500.3613 ‑ Group hospital, medical, or surgical expense incurred policy; mastectomy benefit coverage required.
Section 500.3614 ‑ Coverage for mental health services by mental health care provider.
Section 500.3616 ‑ Coverage for breast cancer diagnostic services, breast cancer outpatient treatment services, and breast cancer rehabilitative services; coverage for breast cancer screening mammography; definitions; effective date of section.
Section 500.3616a ‑ Coverage for drug used in antineoplastic therapy and cost of its administration; conditions.
Section 500.3620 ‑ Family expense insurance; definition; authority to issue; form; provisions; risk classification and rates.
Section 500.3631 ‑ Prudent purchaser agreements with providers of hospital, nursing, medical, surgical, or sick-care services; group disability insurance or family expense insurance; options; applicability of subsection (3); realization of financial or other advantage; applicability of subsection (5); rates; discrimination prohibited; prior contracts and renewal; optometric and chiropractic service.
Section 500.3638 ‑ Blanket disability insurance; insurer, power to issue; filing, approval, classifications, rates.
Section 500.3650 ‑ Blanket disability insurance; application; certificate; payment of benefits; liability of policyholder.
218‑1956‑37 ‑ CHAPTER 37 SMALL EMPLOYER GROUP HEALTH COVERAGE (500.3701...500.3728)
Section 500.3705 ‑ Geographic areas; determination of premiums; conditions; additional premium; small employer or sole proprietor; rating factors.
Section 500.3706 ‑ Open enrollment period for sole proprietors; available health benefit plans; exclusion or limitation; preexisting condition.
Section 500.3715 ‑ Information and documentation; retention at principal place of business.
Section 500.3721 ‑ Competition; public hearing; report; supplemental report and certification.
218‑1956‑38 ‑ CHAPTER 38 MEDICARE SUPPLEMENT POLICIES AND CERTIFICATES (500.3801...500.3861)
Section 500.3807 ‑ Basic core package of benefits; standards for plans K and L; applicability of section.
Section 500.3807a ‑ Medicare supplement policies or certificates with effective date for coverage on or after June 1, 2010; basic core package of benefits.
Section 500.3808 ‑ Medicare supplement insurance policy; availability of benefits in MCL 500.3811(5)(c) or 500.3811a(6)(c).
Section 500.3809 ‑ Additional benefits; reimbursement for preventive screening tests and services; definitions; applicability of section.
Section 500.3809a ‑ Medicare supplement policies or certificates with effective date for coverage on or after June 1, 2010; additional benefits.
Section 500.3811 ‑ Basic core benefits; availability; sale of certain benefits prohibited; designations, structure, language, and format; other designations; requirements; applicability of section.
Section 500.3811a ‑ Medicare supplement policies or certificates with effective date for coverage on or after June 1, 2010; basic core benefits; availability; sale of certain benefits prohibited; structure, language, designation, and format; other designations; requirements.
Section 500.3813 ‑ Disability coverage; medicare supplement buyer's guide; applicability of section.
Section 500.3815 ‑ Outline of coverage; acknowledgment of receipt; compliance with notice requirements; substitute; language, format, and required items.
Section 500.3817 ‑ Medicare select policies and certificates; definitions; requirements for issuance; plan of operation; filing, format, and contents; proposed changes; updated list of network providers; payment for covered services not available through network providers; disclosure; receipt of information; grievance procedure; report; availability of comparable or lesser benefits; continuation of coverage; requests for data by state or federal agencies.
Section 500.3819 ‑ Minimum standards; suspension of benefits and premiums; notice; reinstitution; offer to exchange 1990 standardized plan to 2010 plan.
Section 500.3819a ‑ Medicare supplement policies or certificates with effective date for coverage on or after June 1, 2010; minimum standards.
Section 500.3821 ‑ Issuance of policy to person not enrolled in medicare parts A and B prohibited; refund; interest.
Section 500.3823 ‑ Covered benefits more restrictive than benefits under medicare and required under state law prohibited; benefits for outpatient prescription drugs.
Section 500.3827 ‑ Duplicate benefits prohibited; application; statements and questions whether another policy in force; list of policies sold to applicant; notice regarding replacement coverage.
Section 500.3829 ‑ Denying or conditioning issuance based on health status, claims experience, receipt of health care, or medical condition of applicant prohibited; condition; exclusion of benefits based on preexisting conditions; reduction; creditable coverage.
Section 500.3829a ‑ Medicare supplement policies or certificates delivered, issued for delivery, or renewed on or after May 21, 2009; genetic test; definitions.
Section 500.3831 ‑ Individual or group expense incurred hospital, medical, or surgical policies; right of continuation, conversion, or type C medicare supplemental package; request for coverage; exclusion from preexisting conditions; notice of availability of coverage; utilization of another insurer to write coverage.
Section 500.3835 ‑ Marketing procedures; determining appropriateness of recommended purchase or replacement; more than 1 policy prohibited; individual enrolled in medicare advantage; “notice to buyer” displayed.
Section 500.3839 ‑ Renewal or continuation provision; effect of termination or replacement; elimination of outpatient prescription drug benefit.
Section 500.3841 ‑ Riders or endorsements; signed acceptance or agreement; additional premium; use of certain standards, terms, and words; filing of changes in medicare benefits; elimination of duplicate benefits; notice of modifications; notice requirements of medicare prescription drug, improvement, and modernization act of 2003.
Section 500.3843 ‑ Disability insurance; notice; contents; applicability of subsection (1).
Section 500.3849 ‑ Filing and approval requirements; deletion of outpatient prescription drug benefits; issuance of policy; use and change in premium rates; additional forms; availability; conditions and effect of discontinuance; combining forms for purposes of refund or credit calculation; compliance with federal law; “type” defined.
Section 500.3851 ‑ Aggregate benefits; rates, rating schedules, and rate revisions.
Section 500.3855 ‑ Annual filing of rates, rating schedule, and supporting documentation; premium adjustments; public hearing for rate increase; failure to make premium adjustments.
Section 500.3857 ‑ Duties of insurer; certification of compliance with subsection (1)(a).
Section 500.3861 ‑ Probable cause of violation; notice of hearing; opportunity to confer and discuss; hearing; applicability of MCL 500.2038 to 500.2040; violation; penalty.
218‑1956‑39 ‑ CHAPTER 39 LONG-TERM CARE INSURANCE (500.3901...500.3955)
Section 500.3902 ‑ Offer of long-term care coverage by subsidiary of health care corporation.
Section 500.3903 ‑ Group long-term care insurance; coverage offered to groups described in MCL 500.3901(c)(iv) and 500.3901(c)(iii).
Section 500.3905 ‑ Long-term care coverage; requirements; certain coverages requiring care recommendations.
Section 500.3906 ‑ Designation of person to receive notice of termination; reinstatement of coverage; effective date of section.
Section 500.3907 ‑ Individual long-term care policy; guaranteed renewable provision; conversion; new limitation period; intermediate care facility or skilled nursing facility; home care services.
Section 500.3909 ‑ Option to purchase inflation protection; summary of coverage; applicability of section.
Section 500.3910 ‑ Option of purchasing policy or certificate including nonforfeiture benefits; offer.
Section 500.3910a ‑ Nonforfeiture benefits; coverage elements, eligibility, benefit triggers, and benefit length; contingent benefit; premium increase; notification; duties of insurer; limitation on maximum benefits; effective date of section; premiums subject to loss ratio requirements; conditions for offering nonforfeiture benefit.
Section 500.3910b ‑ Reduction options; applicability of section to long-term care policies and certificates issued on or after June 1, 2007.
Section 500.3917 ‑ Replacement policy; waiver of time periods applicable to preexisting conditions and probationary periods.
Section 500.3921 ‑ Application; questions relating to health condition; delivery; record of policy rescissions; annual report to commissioner.
Section 500.3923 ‑ Riders or endorsements; certain changes in benefits or premiums; definition, explanation, description, and labeling of certain terms.
Section 500.3925 ‑ Applicability of section to long-term care policy or certificate issued on or after June 1, 2007; information to be provided on forms; acknowledgement of disclosure; notice of premium rate schedule increase; personal worksheet; availability of free and independent insurance purchasing and public benefits counseling.
Section 500.3926 ‑ Applicability of section to long-term care policy or certificate issued on or after June 1, 2007; information to be provided to commissioner; premium rate schedule; statement; request by commissioner for actuarial demonstration; additional information.
Section 500.3926a ‑ Applicability of section to long-term care policy or certificate issued on or after June 1, 2007; notice of pending premium rate schedule increase; requirements; review and approval by commissioner; eligibility for contingent benefit upon lapse; applicability of subsections to certain policies or certificates; exceptional increases; definitions.
Section 500.3927 ‑ Reasonableness of benefits relative to premiums; expected loss ratio; evaluation of factors; applicability of section.
Section 500.3928 ‑ Fixed indivisible premium life insurance policy funding long-term care benefits by accelerating death benefit; reasonableness of benefits relative to premiums; provisions.
Section 500.3930 ‑ Acceleration of benefits under group or individual life policies or riders; determination of policy reserves.
Section 500.3939 ‑ Application; questions relating to other policies in force or use as replacement; agent's list of other policies sold; notice to applicant and existing insurer; appropriateness of recommended purchase or replacement.
Section 500.3941a ‑ Inapplicability of section to life insurance policies or riders containing accelerated benefits; development of suitability standards.
Section 500.3942 ‑ Marketing; duties of insurer; use of "level premium" or "noncancelable" prohibited; exception.
Section 500.3943 ‑ Right to return policy; notice; “direct response solicitation” defined.
Section 500.3951 ‑ Policy summary; compliance with MCL 500.3933; additional provisions; monthly report.
218‑1956‑40 ‑ CHAPTER 40 LIFE INSURANCE POLICIES AND ANNUITY CONTRACT (OTHER THAN INDUSTRIAL OR GROUP) (500.4000...500.4073)
Section 500.4008 ‑ Life insurance; provisions required; single premium policies.
Section 500.4015 ‑ Policy of life insurance; mandatory notice as to cancellation of policy and refund of premium.
Section 500.4023 ‑ Policy loans; interest rates; notice; information; policy not to terminate as sole result of change in interest rate; applicability of section to insurance or annuity contract.
Section 500.4024 ‑ Nonforfeiture benefits; cash surrender values; provision required.
Section 500.4028 ‑ Default in premium payments; reinstatement; provision required.
Section 500.4030 ‑ Settlement of claim upon death of insured; provision required.
Section 500.4038 ‑ “Policy cost factors” defined; initial disclosure; statement of policy information; delivery; extension of free-look period; furnishing statement at time of policy delivery.
Section 500.4040 ‑ Safeguard against lapse; special surrender value; optional provisions; supplemental contract.
Section 500.4046 ‑ Provisions prohibited; forfeiture of policy for failure to repay loan; limitation of actions; predating policy; settlement at maturity for less than full value.
Section 500.4047 ‑ Profit sharing, charter or founders and coupon policies; definitions; prohibitions, violations.
Section 500.4061 ‑ Flexible premium universal life insurance policies; provisions applicable to minimum cash surrender values.
Section 500.4070 ‑ Insurance and annuities on same life; automatic conversion of deferred annuity into paid-up annuity.
Section 500.4072 ‑ Standard nonforfeiture law for individual deferred annuities.
Section 500.4073 ‑ Annuity policy or contract; notice of right to cancel and receive refund; effect of returning policy or contract; exceptions.
218‑1956‑41 ‑ CHAPTER 41 MODIFIED GUARANTEED ANNUITIES (500.4101...500.4127)
Section 500.4103 ‑ Delivery or issuance by insurer of modified guaranteed annuity; conditions.
Section 500.4105 ‑ Sales and advertising material; illustrations of benefits payable; prospectus.
Section 500.4107 ‑ Separate account annual statement and other information to be submitted to commissioner.
Section 500.4113 ‑ Modified guaranteed annuity contract; required provisions; market-value adjustment formula.
Section 500.4115 ‑ Nonapplicability of section; required provisions; minimum values of paid-up annuity, cash surrender, or death benefits available under modified guaranteed annuity contract; nonforfeiture amounts; percentages of net considerations.
Section 500.4125 ‑ Compliance with law or regulation in place of domicile of foreign insurer as compliance with this chapter.
Section 500.4127 ‑ License to sell variable annuities required to sell modified guaranteed annuity contracts.
218‑1956‑41A ‑ CHAPTER 41A ANNUITY RECOMMENDATION TO CONSUMERS (500.4151...500.4165.amended)
Section 500.4155 ‑ Purchase or exchange of annuity; recommendations; obligation to consumer; exceptions.
Section 500.4155.amended ‑ Purchase or exchange of annuity; recommendations; effort to obtain consumer's suitability information required; reasonable basis; exceptions; duties of responsible insurer representative.
Section 500.4157 ‑ System to supervise recommendations of insurance producers; establishment; maintenance; reasonable inquiry; contracts with third party; certification.
218‑1956‑42 ‑ CHAPTER 42 INDUSTRIAL LIFE INSURANCE (500.4200...500.4244)
Section 500.4216 ‑ Conversion; weekly premium policies; provision required; monthly premium policies.
Section 500.4230 ‑ Settlement of claim upon death of insured; provision required.
Section 500.4242 ‑ Limitation of liability; aviation, military or naval service.
Section 500.4244 ‑ Industrial life insurance; provisions prohibited; right to declare policy void for disease or ailment; rejection; payment of proceeds to other than beneficiary; limitation; settlement at maturity for less than full value; accidental death.
218‑1956‑44 ‑ CHAPTER 44 GROUP LIFE INSURANCE (500.4400...500.4454)
Section 500.4404 ‑ Employee groups; required number of participants; premium payments; group life insurance as part of combined group life and disability insurance policy.
Section 500.4405 ‑ Group life insurance policy; issuance to trust or trustees; requirements.
Section 500.4412 ‑ Labor union, teacher and postal clerk groups; participation authorization.
Section 500.4418 ‑ Group life insurance; loans on dwellings or mobile homes; insurer providing monetary benefits to financial institutions; payment of dividends to financial institution.
Section 500.4420 ‑ Nonprofit industrial association groups; participation, authorization.
Section 500.4424 ‑ Discretionary groups; authorization; basis of refusal; size and composition; trustee as policyholder; authorizing discretionary groups and plans where no contribution to premium payment from employer or organization; determination by commissioner; fee; expenses; information; rules; appeal.
Section 500.4426 ‑ Extension of coverage to eligible dependents of insured; amounts; payment of premiums.
Section 500.4430 ‑ Group life insurance policy; filing and approval of form; certain provisions required.
Section 500.4438 ‑ Individual certificate; conversion on termination of employment.
Section 500.4446 ‑ Provisions required by law of other states and countries; more favorable provisions permitted.
218‑1956‑45 ‑ CHAPTER 45 INSURANCE FRAUD (500.4501...500.4511)
218‑1956‑46 ‑ CHAPTER 46 CAPTIVE INSURANCE COMPANIES (500.4601...500.4673)
Section 500.4603 ‑ Limited certificate of authority; application; conditions; organizational documents; submission; contents; liability of director; submission of documents to attorney general for examination; duty of commissioner to require, consider, and review certain documents and factors; issuance of certificate; confidentiality; fee; foreign captive insurance company as captive insurance company.
Section 500.4611 ‑ Issuance of limited certificate of authority; possession and maintenance of unimpaired paid-in capital and retained earnings; form of minimum capitalization; incorporation as nonprofit; unencumbered equity; assets; evidence to be submitted to commissioner; additional capital; branch captive insurance company; security for payment of liabilities; trust fund; payment of dividends; limitation; distributions.
Section 500.4619 ‑ Pure captive insurance company or sponsored captive insurance company; association captive insurance company or industrial insured captive insurance company; incorporation as stock insurer or limited liability company; issuance of capital stock or membership interests; formation of captive insurance company as corporation or nonprofit corporation or as limited liability company; state residency; chapter as controlling provision of law.
Section 500.4625 ‑ Conflict between act and chapter; exemption; applicability of certain sections; expenses and charges of examination; annual renewal fee; other fees; employment of legal counsel; confidentiality.
Section 500.4637 ‑ Limited certificate of authority; suspension or revocation; findings; best interest of public and policyholders.
Section 500.4639 ‑ Association captive insurance company and industrial insured captive insurance company; compliance with investment requirements; pure captive insurance company and special purpose captive insurance company not subject to restrictions on allowable investments; exception; loans; combining of assets for purposes of investment; sponsored captive insurance companies to be in compliance with chapter 9; waiver of investment requirements.
Section 500.4645 ‑ Plan, pool, association, or guaranty or insolvency fund; joining, contributing to, or receiving benefit from prohibited.
Section 500.4655 ‑ Applicability of terms and conditions in chapter 81 pertaining to administrative supervision, conservation, rehabilitation, receivership, and liquidation of insurers; payment of expenses or claims from assets of protected cell or from capital and surplus of sponsored captive insurance company.
Section 500.4659 ‑ Exercise of control of risk management function by parent or affiliated company; standards.
Section 500.4663 ‑ Sponsored captive insurance company; formation; establishment and maintenance of protected cell to insure risks; conditions.
Section 500.4665 ‑ Sponsor of sponsored captive insurance company; authorized insurer; risk retention group as sponsor or participant prohibited; business written by sponsored captive insurance company with respect to protected cell; requirements.
Section 500.4667 ‑ Sponsored captive insurance companies; business entities as participants.
Section 500.4669 ‑ Sponsored captive insurance companies; applicability of terms and conditions in chapter 48 pertaining to protected cell insurance company.
Section 500.4673 ‑ Captive insurance regulatory and supervision fund; creation; deposit of certain money, assets, fees, and assessments; money remaining in fund at close of fiscal year; commissioner as administrator for auditing purposes.
218‑1956‑47 ‑ CHAPTER 47 SPECIAL PURPOSE FINANCIAL CAPTIVES (500.4701...400.4747)
Section 500.4703 ‑ Conflict between provision of act and provision of chapter; chapter as controlling; sections applicable to SPFCs; exemption.
Section 500.4705 ‑ Limited certificate of authority to transact insurance or reinsurance; transaction of business by SPFC; limitation; requirements; submission of documents to commissioner; contents; liability of director; submission of documents to office of attorney general; evidence and documents required, considered, and reviewed by commissioner; additional filings; confidentiality; transaction of business; fees; limited certificate of authority granted after certain findings; renewal; foreign captive as SPFC.
Section 500.4707 ‑ SPFC; establishment; form of organization; documents; limitation; adoption of name; applicability of certain provisions in carrying out transactions; state residency; privileges and provisions applicable to limited liability company; corporate powers.
Section 500.4709 ‑ Minimum initial capitalization; additional capitalization; maintenance of deposits.
Section 500.4711 ‑ SPFC; insuring or reinsuring risks insured or reinsured by counterparty; contract for assumption of risk or indemnification of loss; related and incidental contracts; submission of actuarial opinion.
Section 500.4713 ‑ Protected cells; creation and use by SPFC; written approval of commissioner; possession of minimum capitalization; fraudulent purpose not inferred.
Section 500.4715 ‑ Protected cell; consideration as separate person; purposes; distinct name or designation; subject to orders of court; service of process; contract with third party advisor or manager; recourse by creditors; availability of assets; attachment of security interest to protected cell; identification of protected cell assets and liabilities; provisions in contracts or other documentation; income; crediting to or charging against protected cell; investment or reinvestment of amounts; annual report; notification of insolvency.
Section 500.4721 ‑ SPFC contracts; agreements with affiliated companies and third parties; contents of contract; withdrawal of assets or income from trust and transfer to SPFC; approval from counterparty.
Section 500.4723 ‑ Insurance securitization; not considered as insurance producers or brokers.
Section 500.4729 ‑ Declaration and payment of dividends prohibited; exception; limitation; sufficiency of assets; provisions.
Section 500.4731 ‑ Plan of operation; changes; filing of audited financial statements; inquiries by commissioner; filing of statement of operations; reports; preservation of books, records, documents, accounts, and vouchers; authority of securities commissioner.
Section 500.4733 ‑ Captive insurance company examination; expenses and charges; payment; fee.
Section 500.4735 ‑ Cessation of business; suspension or revocation of limited certificate of authority; violations; penalties; notice.
Section 500.4741 ‑ Administrative supervision, conservation, rehabilitation, receivership, and liquidation of insurers.
Section 500.4745 ‑ Contested case brought by third party; suspension, revocation, or modification of limited certificate of authority.
218‑1956‑48 ‑ CHAPTER 48 PROTECTED CELL INSURANCE COMPANIES (500.4801...500.4813)
Section 500.4803 ‑ 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 ‑ 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 ‑ Creditors; recourse; activities, assets, and obligations not subject to chapters 77 and 79; establishment of protected cell not considered fraudulent conveyance.
Section 500.4809 ‑ Receiver to deal with protected cell company's assets and liabilities; effect of order of conservation, rehabilitation, or liquidation.
Section 500.4811 ‑ Insurance securitization not considered insurance or reinsurance contract; investor not considered as conducting insurance business in state.
218‑1956‑50 ‑ CHAPTER 50 ORGANIZATION OF DOMESTIC STOCK AND MUTUAL INSURERS (500.5000...500.5040)
Section 500.5008 ‑ Articles of incorporation; blank forms; subscribing in duplicate; contents; permissible provisions; liability of director; certificate of acknowledgment.
Section 500.5024 ‑ Securing subscribers, stockholders, or members of insurance company; sale of capital stock; required acts of incorporators; authority of commissioner.
Section 500.5028 ‑ Completion of organization; issuance of stock certificates; mutual corporation.
218‑1956‑51 ‑ CHAPTER 51 ORGANIZATION OF AN ACQUIRING INSURER FOR TRANSACTION OF CERTAIN TYPES OF INSURANCE (500.5100...500.5114)
Section 500.5102 ‑ State accident fund; acquisition of assets; effect of proposed transfer.
Section 500.5104 ‑ Organizing stock insurer or mutual insurer; purpose; domestic stock insurer owned by nonprofit health care corporation as acquiring insurer; limitation on transaction.
Section 500.5112 ‑ Notice of violation of MCL 500.5106; hearing; findings and conclusions; order to cease and desist; additional orders.
218‑1956‑52 ‑ CHAPTER 52 CORPORATE POWERS, PROCEDURES OF STOCK AND MUTUAL INSURERS (500.5200...500.5290)
Section 500.5202 ‑ Life, accident or sickness insurers; reorganization under code.
Section 500.5204 ‑ Companies deemed bodies corporate and politic; corporation law applicable.
Section 500.5206 ‑ Corporate powers; enumeration; exercise by board of directors.
Section 500.5208 ‑ Corporate powers; limitations; applicability of prohibition; services performed in connection with noninsured benefit plan; provisions; interference with rights and obligations under collective bargaining agreement prohibited; report; liability of employee covered under noninsured benefit plan; “noninsured benefit plan” or “plan” defined.
Section 500.5208a ‑ Definitions; prohibited conduct; probable cause of violation; notice of hearing; opportunity to confer and discuss complaint and proceedings; action for damages; hearing; findings and decision; cease and desist order; processing claims for benefits; interest; claim form; service contract provisions; violation of section; penalties; severability.
Section 500.5215 ‑ Articles of domestic stock insurer; amendment as to increase, decrease, or reclassification of capital stock.
Section 500.5216 ‑ Articles; amendment as to reduction of capital; condition; methods of effecting reduction.
Section 500.5218 ‑ Increase or decrease of capital stock; authorization by commissioner; approval by stockholders; vote; final approval; par value of stock; issuance of new stock.
Section 500.5230 ‑ Special meetings of stockholders or members; notice of meetings.
Section 500.5232 ‑ Voting rights; stockholders, members, proxies, fiduciaries, pledgees.
Section 500.5238 ‑ Trustees or directors; residency requirement; director as policyholder of insurer; meetings; frequency; oath.
Section 500.5240 ‑ Discharging duties of director or officer; commencement of action for failure to perform duties.
Section 500.5241 ‑ Indemnification against expenses of action, suit, or proceeding generally.
Section 500.5242 ‑ Indemnification against expenses of action, suit, or proceeding; additional provisions.
Section 500.5242a ‑ Indemnification against expenses of action, suit, or proceeding; mandatory; standard of conduct; determination.
Section 500.5242b ‑ Payment of expenses in advance of final disposition of action, suit, or proceeding; undertaking.
Section 500.5242c ‑ Indemnification or advancement of expenses not exclusive of other rights; indemnification inuring to benefit of heirs, executors, and administrators.
Section 500.5245 ‑ Board of directors; quorum; special meetings; consent to action taken without meeting.
Section 500.5248 ‑ Directors, officers, and employees of domestic insurer; compensation.
Section 500.5252 ‑ Director or officer of insurance corporation; receiving money or valuables for, or having pecuniary interest in, purchase, sale, or loan prohibited; certain transactions not prohibited; issuing certificate of exemption; hearing; refusal to issue certificate; order; judicial review; violation as felony; penalty.
Section 500.5256 ‑ Records relating to insurer's business or affairs; locations; production; safekeeping of securities, notes, mortgages, or other evidences of indebtedness; exceptions; holding certificates in name of nominee; indorsement; control or possession of certificate; reproduction of records; removal of records; hearing; findings, decision, and order; violation of section; liability; failure to comply with order; transfer of domicile.
Section 500.5272 ‑ Domestic fire insurance company; deficiency of assets; notice; cessation of business; liability.
Section 500.5276 ‑ Domestic fire insurance company; liability of directors under new risks accepted during deficiency.
Section 500.5280 ‑ Domestic mutual insurer; assets; deficiency; liability of director.
Section 500.5282 ‑ Domestic stock insurer; statement of beneficial ownership of equity securities.
Section 500.5283 ‑ Unfair use of information; prevention; actions for recovery of profits; limitations; exempt transactions.
Section 500.5283a ‑ Acquisition of stock or stock option; exemption from MCL 500.5283; conditions; definition.
Section 500.5283b ‑ Selection of director or officer to whom stock allocated or options granted; exercise of discretion; director or committee member as disinterested person; section inapplicable to certain options or equity securities.
Section 500.5284 ‑ Securities not owned; sale; failure to deliver to transferee; exception.
Section 500.5289 ‑ Insurance commissioner; regulatory powers; effect of good faith.
Section 500.5290 ‑ Unlawful solicitation; use of name to solicit proxies or consents.
218‑1956‑54 ‑ CHAPTER 54 MUTUAL LIFE AND DISABILITY INSURERS (DOMESTIC) (500.5400...500.5430)
Section 500.5420 ‑ Mutual life and disability insurers; amendment, adoption, and approval of bylaws.
218‑1956‑58 ‑ CHAPTER 58 GENERAL MUTUAL INSURERS (DOMESTIC) (500.5800...500.5840)
Section 500.5801 ‑ Formation of domestic mutual insurer; nonprofit status; powers of nonprofit mutual disability insurer; limitation.
Section 500.5803 ‑ Mutual holding company resulting from reorganization considered as domestic mutual insurance company.
Section 500.5805 ‑ Merger of nonprofit health care corporation with nonprofit mutual disability insurer.
Section 500.5810 ‑ Domestic mutual insurers; qualification for certificate of authority.
Section 500.5818 ‑ Domestic mutual insurers; rights of corporation and other bodies to be members.
Section 500.5824 ‑ Voting rights of members; administrative services agreements.
Section 500.5825 ‑ Rights or interests of member of nonprofit mutual disability insurer; dissolution or winding up of nonprofit mutual disability insurer; distribution and administration of residual value; conditions requiring payments to Michigan health endowment fund; determination by independent valuation; "beneficially own" defined.
Section 500.5826 ‑ Offering health care benefits to residents regardless of health status.
Section 500.5828 ‑ Domestic mutual insurers; contingent liability of members; nonassessable policies.
Section 500.5840 ‑ Domestic mutual insurers; deficiency in assets; assessment of members.
218‑1956‑59 ‑ CHAPTER 59 CONVERSION OF DOMESTIC MUTUAL INSURER TO DOMESTIC STOCK INSURER (500.5901...500.5927)
Section 500.5903 ‑ Conversion plan; vote to amend or withdraw; submission of documents to commissioner; time period for approval or disapproval; conditions; review by qualified expert; notice of meeting; vote; adoption; filing certain documents; confidentiality.
Section 500.5905 ‑ Conversion plan; contents; provisions applicable to subscription rights.
Section 500.5907 ‑ Conversion plan; provisions applicable to operation as closed block of business.
Section 500.5909 ‑ Acquisition of capital stock of converted stock company or stock of participating corporation; limitations; prohibitions.
Section 500.5911 ‑ Receipt of subscription rights by directors and officers of mutual company.
Section 500.5915 ‑ Adoption of plan not relying on issuance of subscription rights; alternative plan; retaining qualified expert; “eligible member” and “U.S. branch” defined.
Section 500.5919 ‑ Notice of adoption of conversion plan; right of member to rescind or cancel policy.
Section 500.5921 ‑ Conversion plan; continuation of corporate existence; transfer of rights, franchises, and interests; assumption of obligations and liabilities; service and election of directors and officers.
Section 500.5923 ‑ Payment of fee, commission, or consideration to director, officer, agent, or employee; costs and expenses.
218‑1956‑60 ‑ CHAPTER 60 Reorganization of Mutual Insurers (500.6001...500.6031)
Section 500.6009 ‑ Reorganization plan; operation and support of closed block of business.
Section 500.6011 ‑ Reorganization plan; filing of documents; hearing; approval or disapproval of plan by commissioner; conditions for approval; retention and assistance of qualified expert.
Section 500.6013 ‑ Reorganization plan; membership meeting; notice; quorum; vote; proxy; voter eligibility.
Section 500.6027 ‑ Transfer, assignment, or diversion of business from converted business.
Section 500.6029 ‑ Receipt of fee, commission, or other consideration; payment of costs and expenses.
Section 500.6031 ‑ Substantial compliance with notice requirements; commencement of action challenging validity of certain acts or commissioner's decision.
218‑1956‑61 ‑ CHAPTER 61 AUTOMOBILE THEFT PREVENTION AUTHORITY (500.6101... 500.6125)
Section 500.6103 ‑ Automobile theft prevention authority; creation; board of directors; appointment, qualifications, and terms of members; compensation and expenses; quorum; meetings; exercising powers, duties, and functions.
Section 500.6107 ‑ Automobile theft prevention fund; payment of assessment by certain insurers; administration of fund; priority of expenditures; use and distribution of fund; fund not considered state money.
218‑1956‑62 ‑ CHAPTER 62 MUTUAL EMPLOYERS' LIABILITY INSURERS (DOMESTIC) (500.6200...500.6236)
218‑1956‑64 ‑ CHAPTER 64 COOPERATIVE PLAN INSURERS (DOMESTIC) (500.6400...500.6460)
Section 500.6406 ‑ Domestic cooperative plan insurers; authorized kinds of insurance.
Section 500.6410 ‑ Domestic cooperative plan insurers; qualifications for certificate of authority; issuance of policies.
Section 500.6412 ‑ Domestic cooperative plan insurers; life insurer; qualifications to write annuity contracts.
Section 500.6414 ‑ Domestic cooperative plan insurers; qualifications to write group insurance.
Section 500.6418 ‑ Domestic cooperative plan insurers; directors; selection at annual meetings; first annual meeting.
Section 500.6422 ‑ Domestic cooperative plan insurers; members; voting; quorum; inspection of books.
Section 500.6428 ‑ Domestic cooperative plan insurers; provisions applicable to policies.
Section 500.6432 ‑ Domestic cooperative plan insurers; reserves; standards applicable.
Section 500.6436 ‑ Domestic cooperative plan insurers; unlawful use of reserve funds; penalty.
Section 500.6440 ‑ Domestic cooperative plan insurers; assessment of members; nonassessable policies.
Section 500.6446 ‑ Domestic cooperative plan insurers; limits of risk; increased reserve; reinsurance.
Section 500.6450 ‑ Guaranty fund; agreement; terms; repayment; other borrowed money.
Section 500.6456 ‑ Domestic cooperative plan insurers; conversion into mutual insurer; procedure.
218‑1956‑65 ‑ CHAPTER 65 LIMITED LIABILITY POOLS (500.6500...500.6550)
Section 500.6518 ‑ Management of property, business, and affairs of pool by directors; selection and term of directors; first annual meeting; interim authority.
Section 500.6522 ‑ Insured person as member of pool; voting rights; quorum; inspection of books.
Section 500.6534 ‑ Contingency reserve; deposit with state treasurer; use of deposit.
218‑1956‑66 ‑ CHAPTER 66 RAILWAY EMPLOYEES, AND LIFE, DISABILITY INSURERS (DOMESTIC, STOCK) (500.6600...500.6616)
Section 500.6604 ‑ Railway employees' loss of position; accident or disability; health and life insurance; annuities.
Section 500.6616 ‑ Railway employees' loss of position insurance; limit of liability; application.
218‑1956‑68 ‑ CHAPTER 68 FARMERS' AND OTHER SPECIAL MUTUAL PROPERTY INSURERS (DOMESTIC) (500.6800...500.6886)
Section 500.6800 ‑ Scope of chapter; code applicability to domestic farmers' mutual insurers.
Section 500.6806 ‑ Company organized or operating under MCL 500.6804; limit of risk.
Section 500.6807 ‑ Farmers' mutuals; coverage of property while off insured premises.
Section 500.6822 ‑ Certificate of authority; required to transact business; expiration; renewal; revocation; qualification for certificate of authority or commencing business.
Section 500.6840 ‑ Levy of assessment; deficit; farmers' mutuals; advance premiums; surplus; membership fees; nonassignable policies.
Section 500.6850 ‑ Investments; real estate; agricultural credit corporation membership.
Section 500.6856 ‑ Maximum amount recoverable on face of policy; premium, assessments.
Section 500.6858 ‑ Adjustment or arbitration of losses; subpoenas to witnesses; notice.
Section 500.6859 ‑ Adjustment or arbitration of losses; service of subpoenas; fees.
Section 500.6860 ‑ Adjustment or arbitration of losses; compelling attendance of witness; costs.
Section 500.6862 ‑ Adjustment or arbitration of losses; administration of oath to witness; perjury.
Section 500.6872 ‑ Uniform farm mutual fire policy; rate, premium, assessment, expiration.
Section 500.6874 ‑ Uniform farm mutual fire policy; printed descriptions and specifications of property.
Section 500.6886 ‑ Additional provisions of code applicable to domestic mutual insurers.
218‑1956‑70 ‑ CHAPTER 70 MULTIPLE EMPLOYER WELFARE ARRANGEMENTS (500.7001...500.7090)
Section 500.7004 ‑ Employee welfare benefit plan as multiple employer welfare arrangement; certificate of authority required; applicability of chapter.
Section 500.7010 ‑ Application for certificate of authority; form; submission of application and other documents to commissioner; examination of application and documents; investigation; examination under oath of certain persons.
Section 500.7012 ‑ Fees; payment and collection; service of process; designation and purpose of fees.
Section 500.7014 ‑ Issuance of certificate of authority; refusal to grant certificate; notice of refusal; request for and conduct of hearing.
Section 500.7018 ‑ Temporary certificate; organization of proposed MEWA; opening books to commissioner; condition to issuance of final certificate.
Section 500.7020 ‑ Issuance of policies by MEWA; premium or premium deposit; contingent premium; restoration of cash reserves.
Section 500.7026 ‑ Articles, bylaws, and trust agreement of MEWA and amendments thereto; filing; approval; form for trust agreement; notice of meeting; voting rights; powers to be exercised by board of trustees; restrictions on trustees.
Section 500.7030 ‑ Officers and agents; selection and appointment; authority and duties; removal; bond.
Section 500.7034 ‑ Trustee or officer; prohibited conduct; violation as felony; penalty.
Section 500.7040 ‑ Financial statements and reports required to be filed; commingling of cash reserves prohibited.
Section 500.7050 ‑ Examination of affairs of MEWA; access to books, records, and documents; examination of trustees, officers, agents, and employees; payment and disposition of assessment.
Section 500.7070 ‑ Certificate of authority; grounds for suspension, revocation, or limitation.
Section 500.7074 ‑ Written findings of violation; issuance and service of findings and cease and desist order; additional orders.
Section 500.7076 ‑ Violation of cease and desist order; notice; hearing; civil fine; suspension or revocation of certificate of authority.
Section 500.7078 ‑ Conduct of proceedings for payment of fines or for suspension, revocation, or limitation of certificate of authority; appeal of disputed claim; hearing.
Section 500.7080 ‑ Multiple employer welfare arrangement security fund; creation; administration; use; appointment, qualifications, terms, and compensation of board of trustees; powers of board of trustees; payment of and accounting for expenses.
Section 500.7084 ‑ Assessments; purpose; limitation; notice; payment; assessments as elements of loss for purpose of establishing rates; liability of employer ceasing to participate in MEWA; certification of collection and receipt of money from assessments; noting delinquencies; collection of delinquent assessment; transfer of money to state treasurer; treasurer or custodian of fund; investments; crediting earnings from investment.
Section 500.7086 ‑ Security fund as creditor of insolvent MEWA; reimbursement from insolvent MEWA.
218‑1956‑72 ‑ CHAPTER 72 RECIPROCAL INSURANCE EXCHANGES (500.7200...500.7234)
Section 500.7206 ‑ Reciprocal insurance exchanges; execution of contract by attorney.
Section 500.7218 ‑ Reciprocal insurance exchanges; limit of risk; statement of maximum assumed by subscriber.
Section 500.7226 ‑ Reciprocal insurance exchanges; corporation empowered to exchange contracts.
Section 500.7230 ‑ Reciprocal insurance exchanges; records and securities of domestic insurers; safekeeping.
Section 500.7234 ‑ Reciprocal insurance exchanges; filing of fire, lightning, or windstorm rates.
218‑1956‑73 ‑ CHAPTER 73 TITLE INSURERS (500.7300...500.7318)
Section 500.7313 ‑ Filing of basic forms of policies; policy commitments and other contracts or agreements.
218‑1956‑76 ‑ CHAPTER 76 CONSOLIDATION OR MERGER OF DOMESTIC INSURERS (500.7604...500.7606)
Section 500.7604 ‑ Procedure for consolidation, merger, or reinsurance of risks; dissolution of corporation; cessation of liability; reinsurance of individual risks; fraternal benefit societies; acquisition of general abstract business by title insurance corporation; notice of merger of farmers mutual insurer with other mutual insurer.
Section 500.7706 ‑ Michigan life and health insurance guaranty association; creation; membership requirement; performance of functions; exercise of powers; accounts; supervision of commissioner; applicability of insurance laws; meetings.
Section 500.7707 ‑ Board of directors; appointment and election of members; vacancy; notice of organizational meeting; voting rights; approval of election or appointment; fair representation required; reimbursement for expenses.
Section 500.7708 ‑ Powers and duties of association as to impaired or insolvent insurers; proceeding under subsection (3)(b) or (5)(b); paying or crediting rate of interest; nonpayment of premiums; premiums due and liability for unearned premiums; applicability of protection; additional powers of association; transfer of amount to association; failure of association to act; rendering assistance and advice to commissioner; standing; appearance; intervention; assignment of rights and causes of action; subrogation; reduced amounts; additional powers of association; reinsurance agreement; substitute coverage.
Section 500.7710 ‑ Plan of operation and amendments; submission to commissioner; effective date; failure to submit suitable plan or amendments; rules; compliance by member insurers; contents of plan; providing for delegation of powers and duties of association to other organization.
Section 500.7711 ‑ Additional duties of commissioner; suspension or revocation of certificate of authority; forfeiture; appeal; judicial review; notice by liquidator, rehabilitator, or conservator.
Section 500.7712 ‑ Detection and prevention of insurer insolvencies or impairments; powers and duties of commissioner and board of directors; reports and recommendations.
Section 500.7714 ‑ Liability for unpaid assessments of insureds on impaired or insolvent insurer operating under plan with assessment liability; records of negotiations and meetings; report; association as creditor of impaired or insolvent insurer; “assets attributable to covered policies” defined; disbursement of assets.
Section 500.7715 ‑ Examination and regulation of association by commissioner; financial report; report of activities.
Section 500.7717 ‑ Nonliability of member insurer, association, board of directors, or commissioner in performance of powers and duties.
Section 500.7718 ‑ Stay of proceedings in which insolvent insurer party; setting aside default judgment; defense.
218‑1956‑78 ‑ CHAPTER 78 LIQUIDATIONS AND RECEIVERSHIPS (500.7800...500.7868)
218‑1956‑79 ‑ CHAPTER 79 PROPERTY AND CASUALTY GUARANTY ASSOCIATION (500.7901...500.7949)
Section 500.7911 ‑ Property and casualty guaranty association; membership; exception; laws to which association subject.
Section 500.7912 ‑ Property and casualty guaranty association; board of governors; appointment, terms, and qualifications of members; vacancy.
Section 500.7914 ‑ Property and casualty guaranty association; plan of operation, adoption, amendment, approval; failure to adopt operation plan.
Section 500.7916 ‑ Property and casualty guaranty association; servicing facilities; designation; reimbursement; authority; approval.
Section 500.7918 ‑ Property and casualty guaranty association; powers generally.
Section 500.7931 ‑ Payment and discharge of covered claims; association as party in interest; rights of association; cause of action against insureds; recoverable damages or benefits as credit against covered claim; action to recover excess payment; claims made under worker's disability compensation act; continuation and duration of coverage for covered claims; cancellation of insurance policies; notice; definitions.
Section 500.7933 ‑ Financial condition of member insurer; reports and recommendations; advice to commissioner; exemption from public disclosure.
Section 500.7935 ‑ Cooperation of insured with association; assignment of rights; indemnification from catastrophic claims association; options.
Section 500.7941 ‑ Assessments on member insurers; purpose; allocation of claim payments and costs to categories; separate assessments for each category; use, amount, and rate of assessment; remittance and administration of assessments; notice; limitation; exemption or deferment; recognition of assessments in rate-making procedures; refunds; revocation of certificate of authority.
Section 500.7949 ‑ Insurance commissioner; regulatory powers; visitation; examination; hearings.
218‑1956‑80 ‑ CHAPTER 80 FRATERNAL BENEFIT SOCIETIES (500.8000...500.8095)
218‑1956‑81 ‑ CHAPTER 81 SUPERVISION, REHABILITATION, AND LIQUIDATION (500.8101...500.8160)
Section 500.8104 ‑ Commencement of delinquency proceeding; jurisdiction; stay of proceedings.
Section 500.8106 ‑ Cooperation with commissioner; obstruction or interference prohibited; existing legal rights not abridged; penalties; petition for relief.
Section 500.8109 ‑ Orders; determination; supervision of insurer; restrictions; compliance; hearings; notice; time; judicial review; review of supervisor's action; violation of supervision order; penalty; enforcement of supervision order; personal liability to insurer for reduction of net worth or loss; action; costs and expenses.
Section 500.8113 ‑ Order to rehabilitate insurer; provisions; filing as notice; title to assets vested in rehabilitator; accounting.
Section 500.8114 ‑ Commissioner as rehabilitator; appointment of special deputies; employment of counsel, clerks, and assistants; compensation; terms; expenses; powers of rehabilitator; criminal or tortious conduct; breach of contractual or fiduciary obligation; plan to effect changes; avoidance of fraudulent transfers.
Section 500.8115 ‑ Stay of action or proceeding; purpose; duties of rehabilitator; statute of limitations; laches; standing of guaranty association.
Section 500.8115a ‑ Netting agreement or qualified financial contract; rights; transfer; duties of receiver; exception; rights of counterparties; definitions.
Section 500.8116 ‑ Order of liquidation; petition; duties of circuit court; order terminating rehabilitation; restoration to possession of property and control of business.
Section 500.8118 ‑ Order of liquidation; provisions; filing as notice; rights and liabilities; judicial declaration of insolvency; accounting.
Section 500.8118a ‑ Order transferring title to and possession of trusteed assets; actions of court; considerations.
Section 500.8119 ‑ Order of liquidation; continuation of policies in force; termination of coverages.
Section 500.8121 ‑ Powers of liquidator; extended reporting period; powers and authority not exclusive; delaying sale of assets.
Section 500.8123 ‑ Notice by agent to policyholder; report of compliance; penalty; waiver.
Section 500.8124 ‑ Order appointing liquidator as bar to action at law or equity; full faith and credit to injunctions; intervention; expense; institution of action or proceeding on behalf of estate of insurer; period of limitation; statute of limitation or defense of laches.
Section 500.8124a ‑ Guaranty association or foreign guaranty association; court standing; right to intervene; jurisdiction.
Section 500.8125 ‑ List of insurer's assets; amendments and supplements; filing; reduction of assets to liquidity; submission of assets for disbursement.
Section 500.8126 ‑ Transfers and obligations as fraudulent; avoidance by receiver; retention of property, lien, or obligation as security for repayment; preservation of transfer or obligation; perfection of transfer; transfer creating equitable lien; fraudulent transaction of insurer with reinsurer.
Section 500.8127 ‑ Transfer of insurer's real property; validity; constructive notice of commencement of proceeding in rehabilitation or liquidation; judicial sale of real property of insurer; validity of transfer against receiver; payment of indebtedness or delivery of property to insurer; knowledge of pending rehabilitation or liquidation; burden of proof; currency or negotiable instruments not impaired.
Section 500.8128 ‑ Preference generally; transfers considered made or suffered; lien obtainable by legal or equitable proceedings; dissolution of voidable lien; discharge of property from lien; summary jurisdiction; hearing; notice; order; liability of surety; set off against preference; examination of transactions; payment of attorney; personal liability; recovery of certain commissions in delinquency proceedings.
Section 500.8130a ‑ Contributions of parties; determination by court; distribution to stockholders; recovery of distributions; limitations.
Section 500.8131 ‑ Report of liquidator to court; levy of assessment; order to show cause; notice; hearing; determination; enforcement.
Section 500.8132 ‑ Amount recoverable by liquidator from reinsurers; reduction prohibited; reinsurer's obligation to insurer's estate; assumption of obligations by life and health insurance guaranty association.
Section 500.8133 ‑ Payment of unpaid earned premium; recovery of unearned premium; prohibited credits and setoffs; violation; penalty; notice; hearing; appeal.
Section 500.8133a ‑ Deductible agreement; collateral as asset maintained and administered by receiver; jurisdiction of circuit court; rights of guaranty association or foreign guaranty association; applicability to delinquency proceedings; applicability to first party claims; definitions.
Section 500.8134 ‑ Proposal to make early access disbursements; effect of insufficient assets; report; provisions of proposal; notice of application; action on application; return of early access funds; limitation.
Section 500.8135 ‑ Proof of claims; filing; circumstances permitting late filing; receipt of distributions by late filing claimants.
Section 500.8136 ‑ Proof of claim; statement; form; additional information or evidence; judgment or order entered by default or collusion; judgment or order as evidence of liability or quantum of damages; claims of guaranty association.
Section 500.8137 ‑ Contingent claims; discounting claims at legal rate of interest; claims made under employment contracts.
Section 500.8138 ‑ Third party claim; claim by insured; insured as unexcused late filer; recommendations of liquidator; withholding dividends; hearing; payment of insured; reversions to undistributed assets; delay in final payment; filing of several claims founded on 1 policy; prohibited claims.
Section 500.8140 ‑ Subrogation to rights of creditor; distribution; excess received by creditor.
Section 500.8141 ‑ Value of security; determination; supervision and control; crediting amount determined; deficiency treated as unsecured claim; surrender of security to liquidator.
Section 500.8141a ‑ Payment of special deposit claims; priority; transfer of special deposits.
Section 500.8142 ‑ Priority of distribution of claims from insurer's estate; class of claims; subclasses prohibited; order of distribution; assets in separate account; definitions.
Section 500.8143 ‑ Review of claims by liquidator; investigation; negotiation; unresolved disputes; report on claims by liquidator; approval, disapproval, or modification; limitation.
Section 500.8144 ‑ Distributions; manner of payment; distribution of assets in kind.
Section 500.8151 ‑ Petition for order directing commissioner to liquidate assets; grounds; notice; order; liquidator as ancillary receiver; commissioner as receiver; paying claims of residents.
Section 500.8152 ‑ Vesting of title in domiciliary liquidator or commissioner; filing claims.
Section 500.8153 ‑ Petition requesting appointment of ancillary receiver; order; notice; powers and duties of ancillary receiver.
Section 500.8155 ‑ Filing of claims; proof; conclusiveness of final allowance of claims.
Section 500.8156 ‑ Filing of claims; proof; recommendation; hearing; notice; appearance or representation; conclusiveness of final allowance of claim.
Section 500.8158 ‑ Controlling order of distribution; equal priority of payment; priority against special deposits; deficiency; deferred sharing; surrender of security and filing claim as general creditor; discharge of claim.
218‑1956‑81a ‑ CHAPTER 81a FRATERNAL BENEFIT SOCIETIES (500.8161...500.8199a)
Section 500.8163 ‑ Society as charitable and benevolent institution; tax exemption.
Section 500.8165 ‑ Society operating on lodge system; requirements; lodges for children.
Section 500.8166 ‑ Representative form of government; requirements; postponement of society meetings.
Section 500.8167 ‑ Society operating for benefit of members and their beneficiaries; requirements; subsidiary corporations or affiliated organizations; laws and rules; additional powers.
Section 500.8168 ‑ Specification of eligibility standards, admission process, and rights and privileges; social members; rights personal and not assignable.
Section 500.8169 ‑ Principal office of domestic society; meetings of supreme governing body; validity of business transacted; minutes; official publication; report, notice, or statement; mailing or publication of synopsis of annual statement; grievance or complaint procedures.
Section 500.8170 ‑ Personal liability; indemnification and reimbursement; purchase of insurance.
Section 500.8172 ‑ Formation of domestic fraternal society; requirements; filing documents; bond; certifying, retaining, and filing articles of incorporation; preliminary certificate of authority; solicitation of members; collection of premium; receipt; liability; issuance of certificate; paying or allowing benefit; examination; information; evidence of compliance; issuance of certificate of authority; certificate as evidence; record.
Section 500.8175 ‑ Not for profit institution; purposes; reporting real or personal property.
Section 500.8177 ‑ Consolidation or merger; compliance; filings; approval of contract; issuance of certificate; effective date; vesting of rights, franchises, and interest; affidavit as evidence of mailing notice or documents; payment of expenses and compensation; itemized statement of expenses; consolidation or merger subject to MCL 500.7604.
Section 500.8178 ‑ Domestic fraternal benefit society as mutual life insurance company.
Section 500.8180 ‑ Changing beneficiary; limiting scope of beneficiary designations; vested interest of revocable beneficiary; payment of funeral benefits; payment of benefit to personal representative or owner of certificate.
Section 500.8183 ‑ Value of paid-up nonforfeiture benefit; amount of cash surrender value, loan, or other option granted.
Section 500.8185 ‑ Assets; special fund; accounts; issuance of contracts on variable basis; special procedures; special voting and other rights.
Section 500.8187 ‑ Reports; annual statement; valuation of certificates; penalty.
Section 500.8188 ‑ Duration of license or authorization to transact business; copy of license as evidence.
Section 500.8190 ‑ Foreign or alien society; license required; compliance; conditions.
Section 500.8191 ‑ Domestic society; deficiencies; notice; request for correction; noncompliance; action to enjoin or action in quo warranto; hearing; order; findings; liquidation; recognition of action; receiver; voluntary determination to discontinue business.
Section 500.8192 ‑ Foreign or alien society; deficiencies; notice; request for correction; noncompliance; suspension, revocation, or refusal of license; contracts.
Section 500.8197 ‑ False or fraudulent statement or representation as misdemeanor or perjury; violation of MCL 500.8177 as felony; soliciting or procuring membership in unlicensed society as misdemeanor; violation of or noncompliance with chapter; penalties.
Section 500.8199a ‑ Additional chapters and provisions applicable to fraternal benefit society.
218‑1956‑82 ‑ CHAPTER 82 TRANSFORMATION OF FRATERNAL BENEFIT SOCIETIES (500.8204...500.8254)
Section 500.8204 ‑ Fraternal benefit society; reorganization into legal reserve premium company; amendment of articles.
Section 500.8206 ‑ Reorganization; proposed articles and bylaws; filing with insurance commissioner.
Section 500.8214 ‑ Reorganization; authorization by insurance commissioner; modification.
Section 500.8218 ‑ Reorganization; submission of plan to governing body of society; meeting.
Section 500.8220 ‑ Reorganization; special meeting; notice; approval; required vote; proxies.
Section 500.8228 ‑ Reorganization; plan; approval by insurance commissioner; vote; results.
Section 500.8242 ‑ Reorganization; effect; continuation of original corporation; powers; officers.
Section 500.8250 ‑ Liens upon certificates; notices to members; application of section.
Section 500.8254 ‑ Certificates of membership; valuation; reserve; annual statement.
218‑1956‑83 ‑ CHAPTER 83 REPEALS, SAVING CLAUSE, EFFECTIVE DATE (500.8300...500.8302)
