MCL - 218-1956-60
Act 218 of 1956
Reorganization of Mutual Insurers
| Document | Type | Description |
|---|---|---|
| Section 500.6001 | Section | Definitions. |
| Section 500.6003 | Section | Reorganization of mutual company; formation. |
| Section 500.6005 | Section | Reorganization plan; adoption; amendment; withdrawal. |
| Section 500.6007 | Section | Reorganization plan; contents. |
| Section 500.6009 | Section | Reorganization plan; operation and support of closed block of business. |
| Section 500.6011 | Section | 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 | Section | Reorganization plan; membership meeting; notice; quorum; vote; proxy; voter eligibility. |
| Section 500.6015 | Section | Documents to be filed after plan approval. |
| Section 500.6017 | Section | Mutual holding company; articles of incorporation. |
| Section 500.6019 | Section | Reorganization plan; conditions for plan to take effect. |
| Section 500.6023 | Section | Membership interest in mutual holding company. |
| Section 500.6025 | Section | Mutual holding company; powers and duties. |
| Section 500.6027 | Section | Transfer, assignment, or diversion of business from converted business. |
| Section 500.6029 | Section | Receipt of fee, commission, or other consideration; payment of costs and expenses. |
| Section 500.6031 | Section | Substantial compliance with notice requirements; commencement of action challenging validity of certain acts or commissioner's decision. |