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Michigan Compiled Laws Complete Through PA 47 of 2019
House: Adjourned until Tuesday, August 27, 2019 12:00:00 PM
Senate: Adjourned until Tuesday, August 27, 2019 10:00:00 AM


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218-1956-41
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THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 41
MODIFIED GUARANTEED ANNUITIES

DocumentTypeDescription
Section 500.4101SectionDefinitions.
Section 500.4103SectionDelivery or issuance by insurer of modified guaranteed annuity; conditions.
Section 500.4105SectionSales and advertising material; illustrations of benefits payable; prospectus.
Section 500.4107SectionSeparate account annual statement and other information to be submitted to commissioner.
Section 500.4109SectionDisapproval by commissioner of filed material.
Section 500.4111SectionFiling requirements.
Section 500.4113SectionModified guaranteed annuity contract; required provisions; market-value adjustment formula.
Section 500.4115SectionNonapplicability 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 500.4117SectionApplication for modified guaranteed annuity.
Section 500.4119SectionReserve liabilities.
Section 500.4121SectionModified guaranteed annuity separate accounts.
Section 500.4123SectionAnnual report.
Section 500.4125SectionCompliance with law or regulation in place of domicile of foreign insurer as compliance with this chapter.
Section 500.4127SectionLicense to sell variable annuities required to sell modified guaranteed annuity contracts.
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