MCL - 218-1956-4
Act 218 of 1956
AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
| Document | Type | Description |
|---|---|---|
| Section 500.402 | Section | Insurers; certificate of authority requirement. |
| Section 500.402a | Section | Transactions of insurance requiring certificate of authority. |
| Section 500.402b | Section | Transactions of insurance not requiring certificate of authority. |
| Section 500.402c | Section | Motor vehicle rental company; insurance transaction; definitions. |
| Section 500.403 | Section | Insurers; authorization to do business. |
| Section 500.404 | Section | Insurers; financial conditions; compliance required. |
| Section 500.405 | Section | Foreign insurer; revocation of certificate of authority; conditions; requalification for certificate of authority if control acquired; determination. |
| Section 500.405a | Section | Insurer subject to delinquency proceedings; revocation of certificate of authority; conditions. |
| Section 500.405b | Section | Requalification pursuant to MCL 500.405 or 500.405a; formal review. |
| Section 500.406 | Section | 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 | Section | Authorization to transact kinds of insurance; exceptions. |
| Section 500.407a | Section | Noninsured benefit plan; offering and writing excess loss insurance; definition; authority of insurer not limited. |
| Section 500.408 | Section | 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 | Section | 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 | Section | Bail bond surety and fidelity insurance company; authority to transact insurance. |
| Section 500.411 | Section | Deposits required to transact insurance. |
| Section 500.412 | Section | Procedure for becoming domestic insurer. |
| Section 500.413 | Section | Transfer of domicile of domestic insurer to another state; effect of transfer; approval of transfer; “U.S. branch” defined. |
| Section 500.414 | Section | 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 500.415 | Section | Rules. |
| Section 500.416 | Section | Special deposit. |
| Section 500.417 | Section | Repealed. 1966, Act 137, Eff. Mar. 10, 1967. |
| Section 500.418 | Section | Identification of payers subject to child support arrearages; "title IV-D agency" defined. |
| Section 500.422 | Section | Repealed. 1994, Act 226, Imd. Eff. June 27, 1994. |
| Section 500.424 | Section | Admission of foreign or alien insurer to state; application; report of financial standing; issuance of certificate of authority; filing fees. |
| Section 500.425, 500.426 | Section | Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992. |
| Section 500.430 | Section | Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992. |
| Section 500.431 | Section | Definitions. |
| Section 500.431a | Section | State of entry by alien insurer through U.S. branch; requirements. |
| Section 500.431b | Section | U.S. branch using state as state of entry to transact insurance; compliance. |
| Section 500.431c | Section | Trusteed assets; value. |
| Section 500.432 | Section | 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 | Section | 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 | Section | Trusteed assets below minimum required; proceeding against alien insurer. |
| Section 500.434 | Section | Repealed. 1972, Act 360, Imd. Eff. Jan. 9, 1973. |
| Section 500.435 | Section | 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 | Section | Conditions for suspension, revocation, or limitation of certificate of authority; "insurer" defined. |
| Section 500.436a | Section | Continuing operation of insurer transacting insurance in state or nonprofit dental corporation operating under MCL 550.351 to 550.373; standards; subscription to private rating organization not required; determination of financial condition; issuance of order by director; hearing requested by insurer. |
| Section 500.436b | Section | Certificate of authority limited by order of commissioner. |
| Section 500.437 | Section | Proceeding for suspension, revocation, or limitation of certificate of authority; notice; imposition of conditions in order of limitation. |
| Section 500.438 | Section | Annual statement; filing; extensions; format and content; reply to inquiries; availability of report to public; penalty for failure to file statement or reply to inquiry; statement of alien insurer; "U.S. branch" defined. |
| Section 500.438a | Section | 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 500.439 | Section | Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992. |
| Section 500.440 | Section | Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987. |
| Section 500.440a | Section | Credit against tax imposed by MCL 500.476a; claim; refund; retroactive application. |
| Section 500.441, 500.442 | Section | Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987. |
| Section 500.443 | Section | Foreign insurer; payment of quarterly installments of estimated tax; filing statement with revenue commissioner. |
| Section 500.444 | Section | Collection of delinquent taxes with interest or penalty. |
| Section 500.445 | Section | Delinquency as bar to granting certificate of authority. |
| Section 500.446 | Section | Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987. |
| Section 500.448, 500.449 | Section | Repealed. 1975, Act 232, Eff. July 2, 1976. |
| Section 500.450 | Section | Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987. |
| Section 500.451 | Section | Taxes on unauthorized insurers; regulatory fee; payment; delinquency. |
| Section 500.454 | Section | Name of insurer. |
| Section 500.456 | Section | 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 500.457 | Section | Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992. |
| Section 500.460 | Section | Insurance producer to write or place insurance policies. |
| Section 500.462 | Section | Signature of insurance producer on application for life or disability insurance. |
| Section 500.464 | Section | Additional deposits by domestic insurers. |
| Section 500.470 | Section | Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992. |
| Section 500.476 | Section | Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987. |
| Section 500.476a | Section | 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. |
| Section 500.476b | Section | Taxes to which authorized insurer subject. |
| Section 500.476c | Section | Repealed. 1993, Act 200, Eff. Dec. 28, 1994. |
| Section 500.478 | Section | NAIC report of activities. |
| Section 500.479 | Section | Imposition of fee by NAIC. |
| Section 500.480 | Section | Definitions. |