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Michigan Compiled Laws Complete Through PA 19 of 2024
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218-1956-13
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THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 13
HOLDING COMPANIES

DocumentTypeDescription
Section 500.1301SectionInsurance holding companies; definitions.
Section 500.1305SectionDomestic insurers; organization or acquisition of subsidiaries; book of business; value; admitted asset; limitation; amortization; annual test; definition; authority of commissioner.
Section 500.1311SectionMerging with or acquiring control of domestic insurer; statement; filing confidential notice of proposed divestiture; notice by person proposing to merge or acquire control of domestic insurer; “domestic insurer” explained.
Section 500.1312SectionStatement filed with director; contents; duties.
Section 500.1313SectionPartnership, syndicate or other group; statement filed with commissioner, amendment.
Section 500.1314SectionAlternative filing materials.
Section 500.1315SectionMerger or acquisition of control; approval by director; public hearing; determination; contested case hearing.
Section 500.1316SectionInformation to shareholders; expense; bond; examination or investigation.
Section 500.1317SectionExemptions.
Section 500.1318SectionViolations.
Section 500.1319SectionJurisdiction of actions arising out of violations; consent to process.
Section 500.1324SectionInsurers subject to registration; time.
Section 500.1325SectionRegistration statement; form; contents; other reports or information required.
Section 500.1325aSectionAnnual enterprise risk report.
Section 500.1325bSectionAnnual group capital calculation; filing; exemption.
Section 500.1325cSectionLiquidity stress test framework; results; filing; compliance with NAIC.
Section 500.1326SectionRegistration statement; nonmaterial information not disclosed.
Section 500.1327SectionRegistration statement; reporting material changes or additions and distributions to shareholders.
Section 500.1328SectionRegistration; termination.
Section 500.1329SectionConsolidated registration statements.
Section 500.1330SectionRegistration on behalf of affiliated insurer.
Section 500.1331SectionExemptions.
Section 500.1332SectionPetition for disclaimer of affiliation; filing; contents; effect; disallowance.
Section 500.1333SectionRegistration statement; failure to file.
Section 500.1334SectionPerson subject to registration; providing information to insurer.
Section 500.1341SectionTransactions within holding company system; certain insurers as party; standards; prior approval; transactions entered into by domestic insurers; notification; separate transactions; review by director; total investment exceeding 10% of corporation's voting securities.
Section 500.1341aSectionDomestic insurer investments; limitations.
Section 500.1342SectionApplication of MCL 500.436a.
Section 500.1343SectionOrdinary shareholder dividends paid by domestic insurers; review by director; determination of reasonableness; factors; limiting or disallowing payment of shareholder dividends; declaration or payment from earned surplus; declaration of shareholder dividend by domestic insurer as member of insurance holding company system; extraordinary dividend or distribution to shareholders; hearing.
Section 500.1344SectionOfficers and directors; obligation or liability; common management or cooperative or joint use of personnel, property, or services.
Section 500.1351SectionExamination of insurer or affiliates; information; experts; expenses.
Section 500.1355SectionExamination of insurer or affiliates; privilege and confidentiality of information; use of materials; written consent; disclosure; notice; publication in interest of public; sharing documents; written agreement; responsibility of director; group capital calculation.
Section 500.1357SectionParticipation of director in supervisory college.
Section 500.1359SectionInternationally active insurance group; group-wide supervisor; determination factors; duties.
Section 500.1361SectionIssuance of rules and orders.
Section 500.1365SectionInjunctions; violation of chapter, rule or order.
Section 500.1367SectionVoting certain securities prohibited; injunction.
Section 500.1368SectionVoting securities in violation of chapter; sequestration of securities.
Section 500.1371SectionViolation of chapter; action by director; criminal proceeding; penalty; disapproval of dividends or distributions.
Section 500.1375SectionViolation of chapter; receivership.
Section 500.1377SectionLiquidation or rehabilitation; recovery of certain distributions or payments.
Section 500.1378SectionFailure by commissioner to act or make determination; petition for writ of superintending control.
Section 500.1379SectionViolation of chapter; suspension, revocation or refusal to renew license.
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